When using the indirect method,how is the receipt of cash from the sale of long-term investments treated on the statement of cash flows?
A)As an operating activity
B)As an investing activity
C)As a financing activity
D)As a noncash investing or financing activity

Question

Quizplus · Accepted Answer

The receipt of cash from the sale of long-term investments is treated as an investing activity on the statement of cash flows since it involves the sale of a long-term asset, which is considered an investing activity.

When Using the Indirect Method,how Is the Receipt of Cash