When Using the Direct Method, How Is the Sale of Long-Term

question 103

Multiple Choice

When using the direct method, how is the sale of long-term investments for cash reported on the statement of cash flows?

• A) Operating activity
• B) Investing activity
• C) Financing activity
• D) Noncash investing and financing activity

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Definitions:

Confidence

The degree of certainty or trust in a particular outcome or result, often expressed in terms of probability.

Confidence Interval

An interval estimate derived from a sample that is likely to cover an unknown population parameter with a specified level of confidence.

Proportion

A statistical measure expressing the part of a whole, often presented as a fraction, decimal, or percentage.

Confidence Interval

An assembly of numerical values, generated from sample data, aimed at including the unexposed value of a population parameter.