Match the following activities with the appropriate section of the statement of cash flows.
-Cash paid for a delivery van to be used in the business.

Question

Quizplus · Accepted Answer

Purchasing a delivery van, which is a long-term asset, falls under investing activities in the statement of cash flows. This section reflects cash spent on or received from the sale and purchase of long-term assets and investments.

Match the Following Activities with the Appropriate Section of the Statement