Which of the following cash flows results from an investing activity?
A)Paying rent on a crane to be used to move warehouse equipment
B)Purchasing inventory for cash
C)Purchasing a new forklift
D)Purchasing 5% of the company's own outstanding common stock

Question

Quizplus · Accepted Answer

Purchasing a new forklift is an investing activity since it involves acquisition of long-term assets that will be used in the business operations.

Which of the Following Cash Flows Results from an Investing