All of the Following Are Financing Activities Except

question 130

Multiple Choice

All of the following are financing activities except:

• A)Borrowing money.
• B)Lending money.
• C)Selling capital stock.
• D)Paying dividends.

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Definitions:

Intangible Assets

Assets that have value to a business but are not visible.

Long-Term Equity

Investments in stocks or other equity instruments that are intended to be held for a period longer than one year for potential appreciation in value.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received on credit.

Noncompete Clause

A provision often included in a contract to purchase a business that restricts the seller from entering the same type of business within a specified area for a certain amount of time.