Acquisitions and Sales of Long-Term Assets Are Reported as Investing

question 93

True/False

Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows.

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Definitions:

Third Parties

Third parties refer to individuals or entities that are not directly involved in a transaction or agreement but may be indirectly affected or have an interest in it.

Main Source

is the primary origin or initial supplier of information, goods, or services.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Federal Government

The national government of a federal state, which operates in conjunction with regional governments.