Which of the Following Is an Example of a Cash

question 33

Multiple Choice

Which of the following is an example of a cash outflow from an investing activity?

• A)Payment of cash for treasury stock.
• B)Payment of cash for the purchase of land.
• C)Payment of cash for inventory.

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Definitions:

Ordinary Maintenance

The routine upkeep and repairs required to maintain assets in their normal operational state.

Intangible Assets

Assets that lack physical substance but possess economic value, such as patents, copyrights, and trademarks.

Copyright

The exclusive right to publish and sell a literary, artistic, or musical composition.

Long-Lived Assets

Assets with a useful life of more than one year, typically including property, plant, and equipment, which are used in the operations of a business.