Cash paid to purchase long-term investments would be reported in the statement of cash flows in
A) the cash flows from operating activities section
B) the cash flows from financing activities section
C) the cash flows from investing activities section
D) a separate schedule

Question

Quizplus · Accepted Answer

Cash paid to purchase long-term investments is a cash outflow related to investing activities and therefore should be reported in the cash flows from investing activities section of the statement of cash flows.

Cash Paid to Purchase Long-Term Investments Would Be Reported in the Statement