Gamma invested $100,000 cash in a certificate of deposit that pays 3.2% and mature in 2...
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Gamma invested $100,000 cash in a certificate of deposit that pays 3.2% and mature in 2 months. There is no risk involved in the investment. Gamma should classify the cash outflow in the statement of cash flows (SCF) as: Cash used in operating activities Cash used in financing activities O No effect as it does not change Gamma's financial position Should not disclose in the SCF because it is a cash equivalent O Cash used in investing activities Gamma invested $100,000 cash in a certificate of deposit that pays 3.2% and mature in 2 months. There is no risk involved in the investment. Gamma should classify the cash outflow in the statement of cash flows (SCF) as: Cash used in operating activities Cash used in financing activities O No effect as it does not change Gamma's financial position Should not disclose in the SCF because it is a cash equivalent O Cash used in investing activities
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