Which of the following is NOT a use of cash from investing activities?
A)Proceeds from the sale of a business
B)Investment in fixed assets
C)Payment for business acquired
D)Investment in land

Question

Quizplus · Accepted Answer

Proceeds from the sale of a business are considered a source of cash, not a use of cash, in the context of investing activities. Investing activities typically involve the outflow of cash for the acquisition of long-term assets or investments, not the inflow of cash from selling them.

Which of the Following Is NOT a Use of Cash