Investing activities include: (a) the purchase and sale of long-term assets, (b) lending and collecting on notes receivable, and (c) the purchase and sale of short-term investments in the securities of other entities, other than contracts held for dealing or trading purposes.

Question

Quizplus · Accepted Answer

This is correct. Investing activities involve these three types of transactions related to investment in long-term and short-term assets.

Investing Activities Include: (A) the Purchase and Sale of Long-Term