On the statement of cash flows, cash flows from the purchase and sale of long-lived assets are shown in which section?
A) Operating activities
B) Investing activities
C) Financing activities
D) They are not reported on the statement of cash flows.

Question

Quizplus · Accepted Answer

Cash flows from the purchase and sale of long-lived assets are considered investing activities.

On the Statement of Cash Flows, Cash Flows from the Purchase