The amount that should be reported as a source of cash under cash flows from investing activities is cash from the sale is reported as an investing activity that is $60,000.
A financial statement called a "statement of cash flows" details the cash inflows (receipts) and outflows (payments) made over the course of a period, as well as separately identifying the cash flows linked to operating, investing, and financing.
It does more than just report financial fluctuations.
The value of statements lies in the precise disclosure of individual cash flow.
The majority of transactions and occurrences that have an impact on long-term assets are considered investing activities.
Long-term asset transactions include lending, collecting receivables, investing in things other than cash equivalents, and selling long-term assets.
Hence, The amount that should be reported as a source of cash under cash flows from investing activities is cash from the sale is reported as an investing activity that is $60,000.
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