Which balance sheet accounts are affected by financing activities?
A) current assets and current liabilities.
B) long-term assets.
C) long-term liabilities.
D) intangible assets.

Question

Quizplus · Accepted Answer

Financing activities usually involve obtaining or repaying long-term loans or issuing or buying back stocks, which affect long-term liabilities on the balance sheet.

Which Balance Sheet Accounts Are Affected by Financing Activities