Identify the section of the statement of cash flows (a-d) where each of the following items would be reported.
-Purchase of the stock of another company as investment
A)Operating activities
B)Financing activities
C)Investing activities
D)Schedule of noncash financing and investing

Question

Quizplus · Accepted Answer

Purchase of stock of another company is a type of investment and is reported under investing activities section of the statement of cash flows.

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