Rampart Inc. recorded the following transaction: In the statement of cash flows, this would be reported as a:
A)$3 million outflow from investing activities.
B)$15 million outflow from investing activities.
C)$3 million outflow from investing activities and $12 million noncash investing and financing activity.
D)None of these

Question

Quizplus · Accepted Answer

The $3 million outflow is the cash portion of the transaction, while the $12 million is a noncash activity, both related to investing activities.