Match the following activities with the appropriate section of the statement of cash flows.
-Cash received from a one-time sale of used office equipment.

Question

Quizplus · Accepted Answer

The sale of used office equipment is considered an investing activity because it involves the sale of a long-term asset. Cash flows from investing activities include transactions involving the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Match the Following Activities with the Appropriate Section of the Statement