Question
Jill purchased a lot (i.e., land) for $35,000 on which to build her store. What kind of activity on a statement of cash flows does
Jill purchased a lot (i.e., land) for $35,000 on which to build her store. What kind of activity on a statement of cash flows does this exemplify?
a) Operating activity
b) Financing activity
c) Capital activity
d) Investing activity
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Financial Accounting An International Perspective
Authors: Arne Kinserdal
2nd Edition
0273631543, 978-0273631545
