48. Cash received from customers would be reported on the statement of cash flows under:

Select one:

a. financing activities

b. operating activities

c. investing activities

d. in the schedule of noncash investing and financing activities

49. The cash payment for the purchase of land used as an office site would be reported on a statement of cash flows under the:

Select one:

a. operating activities

b. investing activities

c. financing activities

d. activities that would not be reported on a statement of cash flows