Which of the following sections from the statement of cash flows would include the purchase of a building totally financed by a mortgage?
A) The investing section
B) The operating section
C) The financing section
D) The noncash investing and financing section

Question

Quizplus · Accepted Answer

The purchase of a building financed entirely by a mortgage is a noncash transaction and would be reported in the noncash investing and financing section of the statement of cash flows.

Which of the Following Sections from the Statement of Cash