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2 years ago

The purchase and sale of long-term assets and current investments are classified as:

1 answer:

8 0

ash transactions that encompass purchase as well as sale of long-term assets as well as current investments can be considered to classified as Investing activities.

Investing activities can be regarded as one of the categories of net cash activities which is been reported by business on the cash flow statement.

It is the purchase as well as sale of long-term assets at a given period.

Therefore, Investing activities is correct.

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Answer:

May accrued revenue:

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<u>Accrual method:</u>

the accrual method will recognize revenue when it is earned, which in this case is represent by the delivery of the goods.

May accrued revenue:

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April accrued revenue

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