Dear Tutors , may you please review if my answer is correct to the below question ?
How will the sale of the tangible non-current asset affect the firm's statement of cash flows?
First of all, not all financing activities have an impact on the cash flow statement but mainly those that involve the exchange of cash. The sale of the tangible non-current asset will be reflected as the Cash inflow of the spending activities.
Cash Flow Statement: A cash flow statement is a statement which shows the inflow and... View the full answer