According to the Statement of Cash Flows in fiscal year 2020 (ending 1/29/2021), is Dollar General purchasing more property and

Question

Alexxandr [17]

3 years ago

10

According to the Statement of Cash Flows in fiscal year 2020 (ending 1/29/2021), is Dollar General purchasing more property and

equipment than it is selling, or selling more property and equipment than it is purchasing?

Business

1 answer:

julsineya [31] · Answer 1 · 2022-11-27T12:24:55+03:00

According to the Statement of Cashflows in this period, they are purchasing more property and equipment than they are selling.

<h3>How is it known that they are purchasing more?</h3>

When the investing activities section of the Cashflow statement is in negatives, it means that more cash was spent on investing activities than was brought in.

Property and equipment fall under investing activities and as Dollar General has a negative investing activities balance, it means that they bought more property and equipment than they sold.

Find out more on investing activities at brainly.com/question/26260878.