When analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from investing activities generally affect:
A) Net income, current assets, and current liabilities.
B) Noncurrent assets.
C) Noncurrent liability and the equity accounts.
D) Both noncurrent assets and noncurrent liabilities.
E) Equity accounts only.

Question

Quizplus · Accepted Answer

Cash flows from investing activities typically involve transactions related to noncurrent assets, such as the purchase or sale of property, plant, and equipment, or investments in securities.

When Analyzing the Changes on a Spreadsheet Used to Prepare