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 falls under investing activities since it represents a significant capital expenditure involving the acquisition of a long-term asset. The investing activities section of the statement of cash flows records cash inflows and outflows associated with the purchase and sale of property, plant, and equipment, investment securities, and other long-term assets.

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