Which Balance Sheet Accounts Are Affected by Financing Activities

question 2

Multiple Choice

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.

---

Definitions:

Report Misconduct

The action of informing authorities or relevant parties about unethical or illegal activities observed within an organization or social setting.

Top Management

The highest level of managers within an organization, responsible for setting strategic goals and making key decisions.

Ethics and Compliance

Pertains to adhering to moral principles and regulations set by governing bodies in conducting business or professional activities.

Successful Effectiveness

The achievement of desired outcomes or goals with efficiency, often evaluated in terms of meeting specific performance or success criteria.