Cash received from the sale of long-term investments is classified in which section of the statement of cash flows?

Name: Cash received from the sale of long-term investments is classified in which section of the statement of cash flows?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash received from the sale of long-term investments is classified in the "Investing" section of the statement of cash flows since the sale of long-term investments involves the disposal or acquisition of long-term assets, which is considered an investing activity.

Cash Received from the Sale of Long-Term Investments Is Classified