Identify the section of the statement of cash flows (a-d) where each of the following items would be reported.
-Sale of machinery held for use by the company
A)Operating activities
B)Financing activities
C)Investing activities
D)Schedule of noncash financing and investing

Question

Quizplus · Accepted Answer

The sale of machinery held for use by the company is a type of investing activity because it involves the sale of a long-term asset that was used in the company's operations.

Identify the Section of the Statement of Cash Flows (A-D)