Which of the following is a financing activity? A)The business receives land and gives a check for $1,000. B)The business receives $1,000 cash and in exchange gives a promissory note. C)The business promises to hire an employee on the 15^th of the month. D)The business orders supplies and promises to pay for them at the end of the month.

Question

Quizplus · Accepted Answer

Financing activities involve debt transactions with lenders (e.g. ,Notes Payable)or equity transactions with investors (e.g. ,Common Stock).Receiving cash in exchange for a promissory note is a financing activity.

Which of the Following Is a Financing Activity