Identify the Section of the Statement of Cash Flows (A-D)

question 15

Multiple Choice

Identify the section of the statement of cash flows (a-d) where each of the following items would be reported.
-Loss on sale of equipment

• A)Operating activities
• B)Financing activities
• C)Investing activities
• D)Schedule of noncash financing and investing

---

Definitions:

Foreign Operation

A subsidiary, associate, joint venture, or branch of a company that is located in a country different from the one where the parent company operates.

Presentation Currency

The currency in which a company's financial statements are presented.

Non-Monetary Items

Assets or liabilities that are not easily quantified in monetary terms, such as goodwill, patents, or real estate.

Functional Currency

The currency of the primary economic environment in which the company predominantly generates and expends cash.