Which of the following activities include transactions and events whereby cash is obtained from or repaid to creditors or owners?

Question

Quizplus · Accepted Answer

Financing activities include transactions and events that involve obtaining cash from or repaying cash to creditors or owners. Investment activities involve the acquisition and disposition of long-term assets, while auditing activities pertain to independent evaluations of financial statements. Risk assessment activities refer to identifying and analyzing potential threats and vulnerabilities to an organization's operations and assets.

Which of the Following Activities Include Transactions and Events Whereby