Riga Corp borrowed $1,000,000 to buy a new manufacturing plant is part of their
A)operating activities
B)financing activities
C)investing activities
D)planning activities

Name: Riga Corp borrowed $1,000,000 to buy a new manufacturing plant is part of their A)operating activities B)financing activities C)investing activities D)planning activities
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Question

Quizplus · Accepted Answer

Borrowing money is considered a financing activity as it involves raising funds to support the company's operations and growth.

Riga Corp Borrowed $1,000,000 to Buy a New Manufacturing Plant