On the statement of cash flows, the proceeds from the sale of equipment would be classified as:
A)an investing activity.
B)an operating activity.
C)a financing activity.
D)either an investing, operating, or financing activity.

Question

Quizplus · Accepted Answer

Proceeds from the sale of equipment would be classified as an investing activity on the statement of cash flows since it relates to a transaction involving a capital asset.

On the Statement of Cash Flows, the Proceeds from the Sale