Question

17. Which activities are associated with the acquisition and disposal of long-term assets (for example the purchase of equipment or purchase of an office building): (4 points) A) Financing Activities B) Investing Activities C) Operating Activities D) None of the above

Answer 1

Answer:

B) Investing Activities

Explanation:

Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.