Changes in current assets and current liabilities accounts deal with financing activities.

Name: Changes in current assets and current liabilities accounts deal with financing activities.
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Question

Quizplus · Accepted Answer

Changes in current assets and current liabilities accounts are part of operating activities, not financing activities. Financing activities involve transactions with investors or creditors, such as issuing or repurchasing stocks or bonds, borrowing money, or paying dividends.

Changes in Current Assets and Current Liabilities Accounts Deal with Financing