Selling property, plant and equipment for $10,000 cash would be considered a cash inflow from investing activities on the statement of cash flows.

Question

Quizplus · Accepted Answer

Selling property, plant, and equipment for cash is a type of investing activity as it involves disposing of a long-term asset. The cash received from the sale is considered a cash inflow from investing activities on the statement of cash flows.

Selling Property, Plant and Equipment for $10,000 Cash Would Be