Asked by
Mallory Smith
on Dec 16, 2024Verified
Indicate where the purchase of land and a building with a mortgage would appear if at all on the indirect statement of cash flows.
A) Operating activities section
B) Investing activities section
C) Financing activities section
D) Does not represent a cash flow
Operating Activities Section
This section of a financial statement details the revenues and expenses directly related to the core business operations.
Mortgage
A type of loan secured by real property, typically used to purchase property or which existing property owners use to raise funds.
- Sort transactions into operating, investing, and financing activities.
Verified Answer
HR
Learning Objectives
- Sort transactions into operating, investing, and financing activities.
Related questions
Indicate Where the Purchase of Land for Cash Would Appear ...
Vision Company Purchased Treasury Stock with a Cost of $16000 ...
If a Gain of $12000 Is Incurred in Selling (For ...
Kanet Company Issued Common Stock for Proceeds of $386000 During ...
Jean's Vegetable Market Had the Following Transactions During 2016 ...