Would a sale of equipment for cash be considered a financing activity or an investing activity? Why?
Question:
Would a sale of equipment for cash be considered a financing activity or an investing activity? Why?
Statement of Cash Flows:
The statement of cash flows is a financial report that shows the way cash is generated and spent in a company. The statement is published on a quarterly basis and is divided into three main sections: operating activities, investing activities, and financing activities.
Answer and Explanation: 1
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View this answerThe sale of equipment for cash would be considered an investing activity.
The purchase of or sale of long-term assets are all types of investing...
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