Rail Corporation bought debt securities that it intends to hold as short-term investments. This purchase should be classified on Rail's statement of cash flows as a(an)
A) operating cash inflow.
B) operating cash outflow.
C) financing cash inflow.
D) financing cash outflow.
E) investing cash outflow.

Question

Quizplus · Accepted Answer

The Answer of Rail Corporation bought debt securities that it intends to hold as short-term investments. This purchase should be classified on Rail's statement of cash flows as a(an)
A) operating cash inflow.
B) operating cash outflow.
C) financing cash inflow.
D) financing cash outflow.
E) investing cash outflow.

Rail Corporation Bought Debt Securities That It Intends to Hold