Question Details

The sale of land for cash would be classified as a cash inflow 


True or false:
1.	The sale of land for cash would be classified as a cash inflow from an investing activity.

	2.	Cash flow from investing activities is considered the most important category on the statement of cash flows because it is considered the best measure of expected income.

	3.	The receipt of dividends from long-term investments in stock is classified as a cash inflow from investing activities.

	4.	The payment of interest on bonds payable is classified as a cash outflow from operating activities.

	5.	Any item that appears on the income statement would be considered as either a cash inflow or cash outflow from operating activities.





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