Match each of the following items with the appropriate definitions.
-Transactions with a company's owners and creditors that include obtaining cash from issuing debt and repaying the amounts borrowed,and obtaining cash from or distributing cash to owners.
A)Indirect method
B)Direct method
C)Statement of cash flows
D)Financing activities
E)Operating activities
F)Investing activities

Question

Quizplus · Accepted Answer

Financing activities involve transactions with a company's owners and creditors, including obtaining cash from issuing debt and repaying the amounts borrowed, as well as obtaining cash from or distributing cash to owners.

Match Each of the Following Items with the Appropriate Definitions