Asked by Raabiah Azeez on May 12, 2024
Verified
In a statement of cash flows, increases or decreases in noncurrent assets are most closely associated with
A) operating activities
B) investing activities
C) financing activities.
D) investing or financing activities
Noncurrent Assets
Long-term assets not expected to convert into cash within one year, such as property, plant, and equipment, intangible assets, and long-term investments.
Investing Activities
Transactions and events that involve the purchase or sale of long-term assets and other investments not included in cash equivalents.
Operating Activities
Business actions that are directly related to the production and delivery of goods and services, which are fundamental to the company’s operations.
- Comprehend the categorization of various activities within a cash flow statement (operating, investing, and financing activities).
Verified Answer
Learning Objectives
- Comprehend the categorization of various activities within a cash flow statement (operating, investing, and financing activities).
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