Royer Corporation engaged in this transaction: Purchased land for cash.
Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
A) Operating activities section
B) Investing activities section
C) Financing activities section
D) Does not represent a cash flow

Question

Quizplus · Accepted Answer

The transaction of purchasing land for cash would appear in the investing activities section of the statement of cash flows, as it relates to the acquisition or sale of long-term assets.

Royer Corporation Engaged in This Transaction: Purchased Land for Cash