What source of financing is shown under financing activities?
A) obtaining a short-term bank loan to buy investment securities
B) using cash to buy a machine that will last for 10 years
C) issuing share capital to buy land
D) borrowing money on a short-term basis to finance trade receivables

Question

Quizplus · Accepted Answer

Issuing share capital to buy land is a financing activity as it involves raising funds through equity to finance the purchase of an asset.

What Source of Financing Is Shown Under Financing Activities