A cash purchase of land would appear in which of the following sections of the statement of cash flows?
A)Cash outflow from financing activities.
B)Cash inflow and cash outflow in a separate schedule of noncash investing and financing activities.
C)Cash inflow from operating activities.
D)Cash outflow from investing activities.

Question

Quizplus · Accepted Answer

Cash paid for the purpose of any long term asset, such as land, is reported as an investing activity.

A Cash Purchase of Land Would Appear in Which of the Following