Which of the following is reported as an investing activity on the statement of cash flows?
A. Sale of a subsidiary.
B. Issuance of a long-term promissory note.
C. Sale of treasury stock.
D. Purchase of highly liquid, short-term investments with excess cash.
Answer:A
Which of the following is reported as an investing activity on the statement of cash flows?
A. Sale of a subsidiary. B. Issuance of a long-term promissory note. C. Sale of treasury stock. D. Purchase of highly liquid, short-term investments with excess cash.