What is the only item that will appear under the investing section of a government statement of cash flows?
A)Sale and purchase of financial assets
B)Sale and purchase of nonfinancial assets
C)Sale and purchase of tangible capital assets
D)Amortization of tangible capital assets

Question

Quizplus · Accepted Answer

The investing section of a government statement of cash flows only includes the sale and purchase of financial assets, such as stocks, bonds, and other securities. This section does not include the sale and purchase of nonfinancial assets, such as land or buildings, which would be included in the capital financing section, or the amortization of tangible capital assets, which would be included in the operating section.

What Is the Only Item That Will Appear Under the Investing