Of the Following, Which Is Not an Investing Activity

question 192

Multiple Choice

Of the following, which is not an investing activity?

• A) Purchasing a new computer.
• B) Buying treasury stock.
• C) Selling a parcel of land.
• D) Purchasing short-term investments.

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Definitions:

Salaries Expense

The total amount spent by an organization on employee salaries over a specific period of time.

Salaries Payable

A liability account that records the amount of salaries owed to employees but not yet paid.

Accrued

Income earned or expenses incurred before cash has been exchanged, often recognized in the accounting process.

Insurance Policy

A legal contract between an insurer and the insured, outlining the terms, coverages, premiums, and conditions under which the insurer agrees to compensate the insured.