A sale of fixed assets for cash is a(n):
A)managing activity.
B)investing activity.
C)financing activity.
D)operating activity.

Name: A sale of fixed assets for cash is a(n): A)managing activity. B)investing activity. C)financing activity. D)operating activity.
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Question

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Selling fixed assets for cash is considered an investing activity because it relates to the purchase or sale of long-term assets. Investing activities include acquiring or disposing of long-term assets, such as property, plant, and equipment.

A Sale of Fixed Assets for Cash Is A(n)