A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under

Name: A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase of equipment with cash is considered an investing activity as it involves the acquisition of a long-term asset that will be used in the operations of the business for an extended period.

A Company Purchases Equipment for $32,000 Cash