Assume That the E-Zip Corporation Uses the Indirect Method to Depict

question 32

Multiple Choice

Assume that the E-Zip Corporation uses the indirect method to depict cash flows. Indicate where, if at all, land purchased for cash would be classified on the statement of cash flows.

• A) Operating activities section.
• B) Investing activities section.
• C) Financing activities section.
• D) Does not represent a cash flow.

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