A cash purchase of land would appear in which of the following sections of the statement of cash flows?
A)Cash outflow from financing activities.
B)Cash inflow and cash outflow in a separate schedule of noncash investing and financing activities.
C)Cash outflow from investing activities.
D)Cash inflow from operating activities.

Question

Quizplus · Accepted Answer

Cash outflows for the purchase of land are considered investing activities and would be reported in the investing activities section of the statement of cash flows.

A Cash Purchase of Land Would Appear in Which of the Following