Given below is a list of items that may be reported on a statement of cash flows.Identify each as one of the following using the indirect method:
-Purchase of equipment for cash
A)Operating
B)Investing
C)Financing
D)Not separately reported on a statement of cash flows

Question

Quizplus · Accepted Answer

Purchase of equipment is a capital expenditure and falls under the category of investing activities on the statement of cash flows.

Given Below Is a List of Items That May Be