Solved

When Using the Direct Method, How Is the Sale of Long-Term

Question 103

Multiple Choice

When using the direct method, how is the sale of long-term investments for cash reported on the statement of cash flows?

A) Operating activity
B) Investing activity
C) Financing activity
D) Noncash investing and financing activity

Related Questions

Q45: Under the direct method,depreciation expense is treated

Q99: During 2016, the accounts payable balance of

Q100: Use the following codes to indicate how

Q104: Each of the following transactions would be

Q105: If the balance of prepaid insurance was

Q107: Use the following codes to indicate how

Q108: Assuming the indirect method for preparing the

Q155: Which of the following is not a

Q185: The work sheet used to prepare a

Q189: The financial statement that primarily reflects events