A corporation sold a fixed asset for $100,000. This is ________.
A) an investment cash flow and a source of funds
B) an operating cash flow and a source of funds
C) an operating cash flow and a use of funds
D) an investment cash flow and a use of funds

Question

Quizplus · Accepted Answer

Selling a fixed asset is considered an investment activity because it involves the sale of long-term assets. It is a source of funds because it brings cash into the company.

A Corporation Sold a Fixed Asset for $100,000