Collections of cash from the sale of land would be reported in the following section of the statement of cash flows:

Question

Quizplus · Accepted Answer

Collections of cash from the sale of land would be considered a cash inflow related to investing activities as it represents a disposal of a long-term asset. Investing activities include cash flows related to the acquisition or sale of long-term assets, such as property, plant, and equipment, and investments in other companies.

Collections of Cash from the Sale of Land Would Be