On the statement of cash flows, cash flows from the purchase and sale of long-lived assets are shown in which section?
A)Operating activities
B)Investing activities
C)Financing activities
D)They are not reported on the statement of cash flows.

Question

Quizplus · Accepted Answer

The purchase and sale of long-lived assets are considered investing activities and are reported in the investing activities section of the statement of cash flows. This section reflects the cash spent on investments in physical assets and the cash received from the sale of these assets.

On the Statement of Cash Flows, Cash Flows from the Purchase