In the statement of cash flows, which of the following would increase reported cash flows from...
In the statement of cash flows, which of the following would increase reported cash flows from investing activities?
Select one:
a. Increase in intangible assets due to an acquisition for cash.
b. Increase in mortgage payable due to the purchase of land.
c. Proceeds from the sale of equity investments accounted for at fair value.
d. Loss on an insurance settlement for equipment damaged by fire.
Homework Answers
Correct answer------------c. Proceeds from the sale of equity investments accounted for at fair value.
.
Purchase and sale of investment and long term assets of the company comes under investing activities if the company.
Proceeds from the sale of equity investments is a cash inflow for the company and is reported in investing section of cash flow statement.
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