The cash received from the sale of land is included in the ________ section of the statement of cash flows.
A) operating
B) investing
C) financing
D) noncash

Question

Quizplus · Accepted Answer

The cash received from the sale of land is part of investing activities, which includes cash flows relating to the acquisition and disposal of long-term assets such as property, plant, and equipment. The operating section pertains to cash flows from the company's primary business activities, while the financing section includes cash flows from activities such as debt issuance or repayment and equity financing. The noncash section includes any noncash transactions, such as stock issuance in exchange for services or assets.

The Cash Received from the Sale of Land Is Included