Which statement cash of flows shows the inflows and outflows from  sale and purchases of non current assets? A. Fiancing  B. Operating  C. Investing  D. None of the above

Financial Accounting: The Impact on Decision Makers
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ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter1: Accounting As A Form Of Communication
Section: Chapter Questions
Problem 1.14E
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Which statement cash of flows shows the inflows and outflows from  sale and purchases of non current assets?

A. Fiancing 

B. Operating 

C. Investing 

D. None of the above

 

Expert Solution
Step 1

Introduction:

Statement of cash flows:

All cash in and out transactions are recorded in statement of cash flows.

It tells the exact cash balance of the company for the period.

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