Long-term liabilities are mostly for:
A)operating activities
B)financing activities.
C)investing activities.
D)both A and B.

Question

Quizplus · Accepted Answer

Long-term liabilities are primarily for financing activities, as they are used to obtain funding for long-term investments and projects. These liabilities include bonds, bank loans, and other forms of borrowing that are not due to be repaid in the short-term. They are not typically used for operating activities or investing activities, as operating expenses are generally funded through current liabilities and investing activities are usually funded through equity or short-term loans.

Long-Term Liabilities Are Mostly For