Which of the following would not be found within the investing activities section of the statement of cash flows?
Posted: Sat Aug 07, 2021 7:10 am
A) Cash paid to purchase a building for manufacturing facilities.
B) Cash received from the sale of common stock to stockholders.
C) Cash received from the sale of equipment used in manufacturing a product.
D) Cash paid to purchase land.
Answer: B
Explanation: Cash received from the sale of common stock is a financing activity. Investing
activities involve the purchase of the company's productive assets.
B) Cash received from the sale of common stock to stockholders.
C) Cash received from the sale of equipment used in manufacturing a product.
D) Cash paid to purchase land.
Answer: B
Explanation: Cash received from the sale of common stock is a financing activity. Investing
activities involve the purchase of the company's productive assets.