Investing activities involve obtaining resources as a borrower and repaying creditors.

Name: Investing activities involve obtaining resources as a borrower and repaying creditors.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Investing activities refer to the acquisition and disposal of long-term assets or investments, such as property, plant, and equipment, and investments in other companies. Obtaining resources as a borrower and repaying creditors fall under financing activities.

Investing Activities Involve Obtaining Resources as a Borrower and Repaying