the purchase and sale of long-term assets and current investments are classified as:

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11-11-2021
Business

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the purchase and sale of long-term assets and current investments are classified as:

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ayfat23 ayfat23 · Answer 1 · 2021-11-17T10:57:44+01:00

ash transactions that encompass purchase as well as sale of long-term assets as well as current investments can be considered to classified as Investing activities.

Investing activities can be regarded as one of the categories of net cash activities which is been reported by business on the cash flow statement.

It is the purchase as well as sale of long-term assets at a given period.

Therefore, Investing activities is correct.

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