Selling property,plant,and equipment for $10,000 cash is considered a cash inflow from investing activities on the statement of cash flows.

Question

Quizplus · Accepted Answer

Selling property, plant, and equipment is considered an investing activity because it involves a disposal of a long-term asset. The cash inflow from this transaction would be reported under the investing section of the statement of cash flows.

Selling Property,plant,and Equipment for $10,000 Cash Is Considered a Cash