Which of the following items would be used to compute "Net Cash Flow from Investing Activities" on a Statement of Cash Flows?
1)issue common stock
2)payment on principal of note payable
3)depreciation expense
4)sale of equipment for cash
A)1 and 4
B)4 only
C)3 only
D)1,2,3,and 4

Question

Quizplus · Accepted Answer

The sale of equipment for cash is an investing activity, as it involves the disposal of long-term assets.

Which of the Following Items Would Be Used to Compute