Transactions for the acquisition or disposal of long-term assets are
A) operating activities.
B) investing activities.
C) financing activities.
D) outflows or uses of cash.

Question

Quizplus · Accepted Answer

Transactions for the acquisition or disposal of long-term assets are classified as investing activities in the statement of cash flows. This is because they involve the purchase or sale of assets that are intended to be held for more than one year, and therefore relate to the company's long-term investment activities.

Transactions for the Acquisition or Disposal of Long-Term Assets Are