Of the following items,which is classified as an investing activity on the statement of cash flows?
A)Sale of a plant asset for cash
B)Selling goods and services
C)Collecting loans
D)Both A and C

Question

Quizplus · Accepted Answer

Selling a plant asset for cash is classified as an investing activity, while collecting loans is also considered an investing activity as it represents a return of investment made in other entities. Selling goods and services, on the other hand, is classified as an operating activity as it is part of the company's normal day-to-day operations.

Of the Following Items,which Is Classified as an Investing Activity