How would the cash acquisition of equipment be reported on a health care entity's statement of cash flows?

Question

Quizplus · Accepted Answer

The cash acquisition of equipment by a health care entity is reported as an investing activity on the statement of cash flows when applying FASB (Financial Accounting Standards Board) standards. FASB standards are generally applied by private sector entities, including private health care entities, and classify investments in equipment as investing activities.

How Would the Cash Acquisition of Equipment Be Reported on a Health