Kong Co. purchased a three-month U.S. Treasury bill. Kong's policy is to treat as cash equivalents...

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Kong Co. purchased a three-month U.S. Treasury bill. Kong's policy is to treat as cash equivalents all highly liquid investments with an original maturity of three months or less when purchased. How should this purchase be reported in Kong's statement of cash flows? a. As an outflow from operating activities. b. As an inflow from investing activities. C. As an outflow from financing activities. d. Not reported. Kong Co. purchased a three-month U.S. Treasury bill. Kong's policy is to treat as cash equivalents all highly liquid investments with an original maturity of three months or less when purchased. How should this purchase be reported in Kong's statement of cash flows? a. As an outflow from operating activities. b. As an inflow from investing activities. C. As an outflow from financing activities. d. Not reported.

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d not reported Breif explanation for the above answer Stat... View the full answer