How is the cash paid to purchase land reported in the statement of cash flows?
A)Cash outflow from financing activities
B)Schedule of noncash investing and financing activities
C)Cash outflow from investing activities
D)Cash inflow from operating activities

Question

Quizplus · Accepted Answer

Cash paid for the purpose of any long-term asset,such as land,is reported as an investing activity.

How Is the Cash Paid to Purchase Land Reported in the Statement