Each of the following transactions would be classified as an investing activity except:
A) acquiring an investment in the stock of another company
B) lending money to a supplier
C) issuing stock to acquire land
D) disposing of a used delivery truck

Question

Quizplus · Accepted Answer

Issuing stock to acquire land is a financing activity, not an investing activity. Investing activities typically involve the purchase and sale of long-term assets and investments.

Each of the Following Transactions Would Be Classified as an Investing