Which of the Following Is a Financing Activity

question 54

Multiple Choice

Which of the following is a financing activity?

• A)The business receives land and gives a check for $1,000.
• B)The business receives $1,000 cash and in exchange gives a promissory note.
• C)The business promises to hire an employee on the 15^th of the month.
• D)The business orders supplies and promises to pay for them at the end of the month.

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Definitions:

Compensation

Payment or benefits provided to employees in exchange for their labor or services, which can include wages, salaries, and additional benefits.

Attendance

The act of being present at a location or event, often measured to assess participation or interest.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Fishing Fleet

A collection of commercial fishing vessels that operate together to harvest fish and seafood.