An example of a financing activity is
A) the sale of merchandise for cash.
B) the issue of stock for cash.
C) the sale of used equipment for cash.
D) the purchase of a building.

Name: An example of a financing activity is A) the sale of merchandise for cash. B) the issue of stock for cash. C) the sale of used equipment for cash. D) the purchase of a building.
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Question

Quizplus · Accepted Answer

The issue of stock for cash is a financing activity because it involves raising capital through the sale of ownership in the company.

An Example of a Financing Activity Is