When using the direct method to determine operating cash flows,how is the sale of long-term investments for cash reported on the Statement of Cash Flows?
A)Operating activity
B)Investing activity
C)Financing activity
D)Noncash investing and financing activity
E)Not reported on the statement of cash flows

Question

Quizplus · Accepted Answer

The sale of long-term investments for cash is considered an investing activity and is reported on the statement of cash flows under the section for investing activities.

When Using the Direct Method to Determine Operating Cash Flows,how