Under which section of a statement of cash flows would the proceeds received from the sale of long-term depreciable assets most likely appear?
A) Operating cash flows
B) Investing cash flows
C) Financing cash flows
D) Long-term assets

Question

Quizplus · Accepted Answer

The proceeds (cash received) should be reported under investing activities as a cash inflow on the statement of cash flows.

Under Which Section of a Statement of Cash Flows Would