(Appendix)Business transactions can be classified as
A) operating,investing,and accounting.
B) operating,financing,and lending.
C) operating,investing,and financing.
D) operating,lending,and borrowing.

Question

Quizplus · Accepted Answer

The three main categories of business transactions are operating (related to the day-to-day operations of the company), investing (related to the acquisition and sale of long-term assets), and financing (related to the borrowing and payment of funds). Therefore, choice C is the most appropriate classification of business transactions.

(Appendix)Business Transactions Can Be Classified as