The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is: Operating activities. Investing activities. Schedule of noncash investing or financing activity. Financing activities. This is not reported on the statement of cash flows.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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7.
The appropriate section in the statement of cash flows for reporting the purchase of equipment
for cash is:
Operating activities.
Investing activities.
Schedule of noncash investing or financing activity.
Financing activities.
This is not reported on the statement of cash flows.
©2017 McGraw Hill Education. All rights reserved.
Transcribed Image Text:7. The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is: Operating activities. Investing activities. Schedule of noncash investing or financing activity. Financing activities. This is not reported on the statement of cash flows. ©2017 McGraw Hill Education. All rights reserved.
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