Asked by Ashly De Jesus on May 20, 2024
Verified
What is the only item that will appear under the investing section of a government statement of cash flows?
A) Sale and purchase of financial assets
B) Sale and purchase of nonfinancial assets
C) Sale and purchase of tangible capital assets
D) Amortization of tangible capital assets
Investing Section
Part of a cash flow statement that shows the cash spent on and received from investment activities, indicating how a company is allocating its resources for growth.
Statement of Cash Flows
A financial report that provides a summary of a company's cash inflows and outflows over a specific period.
Tangible Capital Assets
Physical assets owned by a business that are used in its operation and have a useful life longer than one fiscal year, such as buildings and machinery.
- Identify the basis of presenting the statement of cash flows for government entities.
Verified Answer
Learning Objectives
- Identify the basis of presenting the statement of cash flows for government entities.
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