Answer
a
Work Step by Step
Cash spent on equipment is an investment by the corporation. Hence, the investing activities section of statement of cash flows will indicate the cash spent on equipment during the past accounting period.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 1 - Introduction to Financial Statements - Self-Test Questions - Page 26: 9
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