Financing activities include activities that affect long-term liabilities and owner's equity on the balance sheet.

Name: Financing activities include activities that affect long-term liabilities and owner's equity on the balance sheet.
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Question

Quizplus · Accepted Answer

Financing activities typically involve borrowing money, issuing stocks or bonds, repurchasing stocks, or paying dividends. These activities impact the company's long-term liabilities (such as loans or bonds) and owner's equity (such as stocks).

Financing Activities Include Activities That Affect Long-Term Liabilities and Owner's