We can find most financing activities by examining changes in long-term liabilities and stockholders' equity accounts.

Name: We can find most financing activities by examining changes in long-term liabilities and stockholders' equity accounts.
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Question

Quizplus · Accepted Answer

Financing activities mainly involve long-term liabilities and stockholders' equity accounts, such as issuing stocks, taking out loans, and repaying debt. Therefore, we can track financing activities by examining changes in these accounts.

We Can Find Most Financing Activities by Examining Changes in Long-Term