Question

1. Which financial statement reports the amount of cash paid for acquisitions of property, plant, and equipment? In which section (operating, investing, or financing) of this statement is the information reported? 2. Indicate the amount of cash paid for acquisitions of property and equipment in the year ended September 30, 2017.

Answer 1

Answer:

1. Cash flow statements; the investing section

Step-by-step explanation:

The cash flow statements is a useful document that shows where the company receives funds and uses it. Thus, it shows both incoming and outgoing cash flow.

The investment section of the cash flow statement is where all the amount of cash paid for acquisitions of property and equipment is imputed. Usually the transactions are written as capital expenditure.