Cash receipts and payments from buying and selling property and equipment would be classified as cash flows from ________ on the statement of cash flows.

Question

Quizplus · Accepted Answer

Cash receipts and payments from buying and selling property and equipment are considered investing activities because they involve the purchase or sale of long-term assets that are used in the company's operations but are not part of the normal course of business. Cash flows from operations relate to the day-to-day activities of the business, such as sales and expenses, while cash flows from budgeting and planning are not categories on the statement of cash flows.

Cash Receipts and Payments from Buying and Selling Property and Equipment