Investing activities typically involve balance sheet accounts classified as:
A)long-term assets.
B)long-term liabilities.
C)shareholders' equity.
D)short-term assets.

Question

Quizplus · Accepted Answer

Investing activities involve the purchase and sale of long-term assets such as property, plant, and equipment, investments in other companies, and acquisitions of other businesses. These transactions affect the balance sheet accounts of long-term assets.

Investing Activities Typically Involve Balance Sheet Accounts Classified As