Question

The section in the statement of cash flows for reporting the purchase of equipment for cash is: Multiple Choice This is not reported on the statement of cash flows. Schedule of noncash investing or financing activity. Operating activities. Investing activities. Financing activities.

Answer 1

The section in the statement of cash flows for reporting the purchase of equipment for cash is Investing activities This is further explained below.

What is Investing activities?

Generally, Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.

In conclusion, Equipment purchases paid for in cash are included in the Investing activities part of the statement of cash flows.

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