Which of the following would be included in the "cash flows from investing activities" section of the statement of cash flows?
A) Borrowed $10,000 from a local bank.
B) Paid $1,000 of expenses with cash.
C) Sold land for cash.
D) Issued common stock for cash.

Question

Quizplus · Accepted Answer

Selling land for cash is a cash flow from investing activities because it represents the sale of a long-term asset.

Note: A is incorrect because borrowing money is a financing activity. 
B is incorrect because paying expenses is an operating activity. 
D is incorrect because issuing stock is a financing activity.

Which of the Following Would Be Included in the "Cash