Activities affecting long-term assets are referred to as:
A) financing activities
B) capital activities
C) investing activities
D) operating activities

Question

Quizplus · Accepted Answer

Investing activities involve the acquisition or disposal of long-term assets such as property, plant, and equipment, and investments in other businesses. Financing activities involve obtaining or repaying funds from lenders and owners. Capital activities is not a commonly used term, and operating activities relate to the day-to-day operations of a business such as sales and expenses.

Activities Affecting Long-Term Assets Are Referred to As