An Example of a Financing Activity Is

question 239

Multiple Choice

An example of a financing activity is:

• A) Buying office supplies.
• B) Obtaining a long-term loan.
• C) Buying office equipment.
• D) Selling inventory.
• E) Buying land.

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Definitions:

Revenue Variance

The difference between actual revenue and budgeted or forecasted revenue, indicating a company's financial performance.

Flexible Budget

A budget that adjusts to changes in volume or activity level, allowing for better performance analysis and control.

Customers Served

Customers served denotes the number of individuals or entities that have received or benefited from a company's products or services.

Laundry Costs

Expenses associated with cleaning textile products, such as clothing, linens, and uniforms.