Cash paid for equipment would be reported on the statement of cash flows in

Cash paid for equipment would be reported on the statement of cash flows in

a.the Cash flows from investing activities section

b.a separate schedule

c.the Cash flows from operating activities section

d.the Cash flows from financing activities section

Answer

The correct option is A.

Cash paid for equipment is an investing activity which would result in cash outflow and decrease cash flow from investing section for the period.Purchase of assets is an outflow in the investing section while sale of assets an inflow in the same.

Hottest videos

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts