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

Question

Quizplus · Accepted Answer

Amortization of patent is a non-cash expense related to the operating activities of the business and therefore would be reported in the operating activities section of the statement of cash flows.

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