Cash received from the sale of land would be classified in the statement of cash flows as investing activity.
BT: Comprehension

Name: Cash received from the sale of land would be classified in the statement of cash flows as investing activity. BT: Comprehension
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Cash received from the sale of land represents proceeds from investing activity, as the sale of land is a long-term asset and falls under the category of investing activities in the statement of cash flows.

Cash Received from the Sale of Land Would Be Classified