When using the direct method,how is the sale of long-term investments for cash reported on the statement of cash flows?
A)As an operating activity
B)As an investing activity
C)As a financing activity
D)As a noncash investing and financing activity

Question

Quizplus · Accepted Answer

The sale of long-term investments for cash is an investing activity and should be reported as such under the direct method of preparing the statement of cash flows.

When Using the Direct Method,how Is the Sale of Long-Term