Which of the following is an example of a cash outflow from an investing activity? Multiple Choice Payment of cash for inventory. IncorrectPayment of cash for the purchase of land. Payment of cash for treasury stock. Payment on a long-term note payable.

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 12MC: Which of the following represents a source of cash in the investing section? A. sale of investments...
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Which of the following is an example of a cash outflow from an investing activity?

Multiple Choice

Payment of cash for inventory.

IncorrectPayment of cash for the purchase of land.

Payment of cash for treasury stock.

Payment on a long-term note payable.

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