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A Company Has Surplus Cash Available and Decides to Purchase

Question 2

Multiple Choice

A company has surplus cash available and decides to purchase a 270-day treasury bill. The correct classification of the purchase on the Statement of Cash Flows would be


A) as an Net change in cash equivalents.
B) as a cash outflow in operating activities.
C) as a cash outflow in investing activities.
D) as a cash outflow in financing activities.

Correct Answer:

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