Indicate in which of the three categories Sale of long-terminvestments for cash should appear: cash flows...
Indicate in which of the three categories Sale of long-terminvestments for cash should appear:
cash flows from financing activities
None of the other alternatives are correct
cash flowsfrom operating activities (direct method)
cash flows from investing activities
not part of the cash flow statement (direct method)
Homework Answers
Answer:
Correct Answer: Cash Flows from Investing Activities
Long term Investment is a Non-current assets and cash flow from sale / purchase of Non-Current Asset is recorded under the category of cash Flow of Investing activities.
Whereas, Operating Activity category record cash flow from Current Assets and Current Liabilities. And, Investing activity is part of both Direct and Indirect method.
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Indicate in which of the three categories Sale of
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