Business entities generally carry on
A)operating,investing,and financing activities.
B)operating activities,but only corporations engage in financing and investing activities.
C)investing and operating activities,but only corporations engage in financing activities.
D)either investing or financing activities,but not both.

Question

Quizplus · Accepted Answer

Business entities generally engage in operating, investing, and financing activities. All types of business entities including sole proprietorships, partnerships, and corporations are involved in these activities to varying degrees. Operating activities involve the day-to-day operations of the business, investing activities involve the acquisition and disposal of long-term assets, and financing activities involve the borrowing and repaying of funds and the issuance and repurchase of equity securities.

Business Entities Generally Carry on