Each of the following transactions appear on the statement of cash flows, EXCEPT: A. acquiring longminuslived assets. B. selling longminuslived assets. C. disposing of longminuslived assets for no cash proceeds. D. depreciating longminuslived assets.

The correct answer is C

Explanation:

Longminuslived assets are those assets which are termed as the long term assets, and its example are property, plant, land, building, furniture and fixtures.

Cash flow statement is the financial statement which provides the total data in relation to all the cash inflows receives from its ongoing operations of the company and external sources of the investment. The statement also involves the cash outflows which is paid for the business investments and activities during a period.

So, the transaction which is not involved in the statement is the disposing of the assets for the no cash proceeds.

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