A cash equivalent is: Multiple Choice An investment readily convertible to a known amount of cash and sufficiently close to maturity so its market value is unaffected by interest rate changes. Close to its maturity date but its market value may still be affected by interest rate changes. An account payable due within 5 months. Is not considered highly liquid. Help Save & Exit SL The section in the statement of cash flows for reporting the purchase of equipment for cash is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows. The appropriate section in the statement of cash flows for reporting the cash payment of wages is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows. The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is: 31 Multiple Choice o Operating activities. Financing activities. Investing activities. In a note to the statement or in a separate schedule. Which of the following is not reported on the statement of cash flows: Multiple Choice Cash flows from operating activities. Cash flows from financing activities. Cash flows from investing activities. Net increase or decrease in cash. The financial position of the company at the end of the accounting period