Asked by Teesean Patterson on Jul 17, 2024
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The sale of land for cash would be classified as a cash inflow from an investing activity.
Investing Activity
Transactions involving the purchase and sale of long-term assets and other investments, part of a company's cash flow statements.
Land
Land is considered a fixed asset or real property, not depreciable under accounting rules, used by businesses for operations or investment.
Cash Inflow
Money received by a business from various sources including sales, investments, financing, and more.
- Gain insight into the classification of diverse cash fluxes in the cash flow statement.
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Learning Objectives
- Gain insight into the classification of diverse cash fluxes in the cash flow statement.
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