A firm's purchase of plant and equipment would be considered a

Name: A firm's purchase of plant and equipment would be considered a
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase of plant and equipment is a capital expenditure and falls under the category of investment activities, as it involves the acquisition of long-term assets that will be used in the operations of the business. Therefore, the use of cash for the purchase of plant and equipment is a use of cash for investment activities.

A Firm's Purchase of Plant and Equipment Would Be Considered