When a company purchases a security it considers a cash equivalent, the cash outflow is:
A. Reported as an operating activity.
B. Reported as an investing activity.
C. Reported as a financing activity.
D. Not reported on a statement of cash flows.
Answer:D
When a company purchases a security it considers a cash equivalent, the cash outflow is:
A. Reported as an operating activity. B. Reported as an investing activity. C. Reported as a financing activity. D. Not reported on a statement of cash flows.