The sale of land for cash would be classified as a cash inflow from an operating activity.

Name: The sale of land for cash would be classified as a cash inflow from an operating activity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The sale of land for cash is considered a cash inflow from an investing activity, as it relates to the disposal of a long-term asset. Operating activities typically involve transactions related to the company's day-to-day operations, such as revenue from sales, payments to suppliers, and employee wages.

The Sale of Land for Cash Would Be Classified as a Cash