The purchase of land is an example of a(n)
A)investing activity.
B)operating activity.
C)capital activity.
D)financing activity.

Question

Quizplus · Accepted Answer

The purchase of land is considered an investing activity because it involves the acquisition of long-term assets that a company intends to use for more than one year. Investing activities are part of a company's cash flow statement and include transactions involving the purchase or sale of long-term assets.

The Purchase of Land Is an Example of A(n)