Financing transactions include
A)exchanges with shareholders.
B)revenues.
C)expenses.
D)most transactions that impact the income statement.

Question

Quizplus · Accepted Answer

Financing transactions refer to transactions that involve raising capital or financing operations through borrowing, issuing stock, or other means. Exchanges with shareholders, such as issuing or repurchasing stock, are examples of financing transactions. Revenues and expenses, on the other hand, refer to operating transactions that impact the income statement. Therefore, the best choice is A.

Financing Transactions Include