Which of the following sections from the statement of cash flows includes purchases and sales of long- term assets?
A) Purchases and sales of long-term assets are included in the financing section.
B) Purchases and sales of long-term assets are included in the operating section.
C) Purchases and sales of long-term assets are included in the investing section.
D) Purchases and sales of long-term assets are not included in any of the above-mentioned sections.
Correct Answer:
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