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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as

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The purchase/sale of long-term assets and current investments are classified as Investing activities under the statement of cash flows.

Basically, a cash-flow statement is a financial statement that records the cash and cash equivalent that goes in and out of the business.

The section of the cash-flow statement is divided into:

  • Operating activities
  • Investing activities
  • Financing activities

The Investing activities entails transactions that includes purchase and sale of long-term assets and other business investment.

Therefore, the Investing activities is the answer.

Read more about Investing activities:

brainly.com/question/14122060

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