Since business has been rapidly expanding, Sugar Bakery decides to purchase a second industrial oven.The cash paid for this oven would be listed in the ____ section of the statement of cash flows.
A) operating
B) purchasing
C) investing
D) financing
E) business

Question

Quizplus · Accepted Answer

The purchase of a second industrial oven is considered a capital expenditure and falls under the investing section of the statement of cash flows.

Since Business Has Been Rapidly Expanding, Sugar Bakery Decides to Purchase