Which of the following will be categorized as a financing activity on the statement of cash flows?
A)Cash received by selling old equipment
B)Cash paid for purchase of new machinery
C)Cash paid for purchase of office supplies
D)Cash received as a contribution from the owner

Question

Quizplus · Accepted Answer

Financing activities include transactions involving the owner's equity or long-term liabilities. Cash received as a contribution from the owner is considered a financing activity.

Which of the Following Will Be Categorized as a Financing