From the following list, select the proper section from the statement of cash flows in which it would be classified.
-Sold equipment no longer used in the business
A)Operating Activities
B)Investing Activities
C)Financing Activities

Question

Quizplus · Accepted Answer

Selling equipment is a transaction related to investing activities, as it involves the sale of a long-term asset that was used in the business.

From the Following List, Select the Proper Section from the Statement