Accountants are responsible for measuring various operating,investing and financing activities.Which of the following correctly matches the activity with its type?
A)Investing - paying utilities for the month.
B)Investing - purchasing land.
C)Operating - paying dividends to stockholders.

Question

Quizplus · Accepted Answer

Investing activities involve the purchase and sale of long-term assets and other investments, not directly related to the entity's day-to-day operations. Purchasing land falls under this category, as it is a long-term investment.

Accountants Are Responsible for Measuring Various Operating,investing and Financing Activities