Answer
(b) 3.
Work Step by Step
Land and building are assets that will be used to generate income, and this is therefore classified as an investing activity.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 286: E5-13b
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