Indicate where the transaction of purchasing land and a building with a mortgage would appear, if at all, on the indirect statement of cash flows.
A) Operating activities section
B) Investing activities section
C) Financing activities section
D) Does not represent a cash flow

Question

Quizplus · Accepted Answer

Purchasing land and a building with a mortgage does not involve an immediate cash flow, as it is a non-cash financing and investing activity.

Indicate Where the Transaction of Purchasing Land and a Building