Indicate where the purchase of 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

The purchase of land and a building with a mortgage does not represent a cash flow because it is a non-cash investing and financing activity.

Indicate Where the Purchase of Land and a Building with a Mortgage