An Example of an Investing Activity Is

question 72

Multiple Choice

An example of an investing activity is:

• A)Paying wages of employees.
• B)Paying dividends.
• C)Purchasing land.
• D)Selling inventory.
• E)Contribution from owner.

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Definitions:

Void

Having no legal force or effect; null and totally ineffective.

Breach of Contract

The omission of performing any clause of an agreement, whether written or orally communicated, without a defensible legal excuse.

Payments

The act of transferring money or other valuable consideration from one party to another as a fulfillment of a legal obligation or for the acquisition of goods or services.

Contract

A legally binding agreement between two or more parties, creating obligations that are enforceable by law.