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Saved Ingles Corporation purchased land and building, indicate where, if at all, it would be classified...

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Ingles Corporation purchased land and building, indicate where, if at all, it would be classified on the statement of cash flows

Question 14 options:

1)

operating activities section

2)

investing activities section

3)

financing activities section

4)

does not represent a cash flow

Question 15 (1 point)

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Ingles Corporation experienced a decrease in accounts receivable, indicate where, if at all, it would be classified on the statement of cash flows.

Question 15 options:

1)

operating activities section.

2)

investing activities section.

3)

financing activities section.

4)

does not represent a cash flow.
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Answer #1

14. Option 2 is the answer

Purchase of land and building are classified under the investing activities section of cash flow statement

15. Option 1 is the answer

Increase or decrease of accounts receivables are classified under the operating activities section of cash flow statement

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