On the statement of cash flows,in which section would the purchase of land with cash appear?
A)Operating activities
B)Investing activities
C)Financing activities
D)Noncash investing and financing activities

Question

Quizplus · Accepted Answer

The purchase of land with cash would appear in the investing activities section of the statement of cash flows, as it represents a cash outflow for the acquisition of a long-term asset that is expected to generate future benefits.

On the Statement of Cash Flows,in Which Section Would the Purchase