Question: The Appleton Museum, a not - for - profit organization, sells a painting donated to its collection to a private investor. The museum plans to

The Appleton Museum, a not

-

for

-

profit organization, sells a painting donated to its collection to a private investor. The museum plans to use the proceeds associated with the sale to purchase additional works of art for display. In its statement of cash flows, the museum typically would display proceeds from the sale as cash flows from:

.

Operating activities.

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