Which of the Following Is an Investing Activity

question 151

Multiple Choice

Which of the following is an investing activity?

• A)Purchase of equipment.
• B)Payment of interest.
• C)Issuing common stock.
• D)Issuing long-term debt.

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Definitions:

Legal Assent

The express or implied agreement to the terms of a contract, demonstrating a mutual understanding and intention to be bound by those terms.

Courts

Institutions established by governmental entities to settle disputes through a legal process by applying laws and issuing decisions, rulings, or judgments.

Unilateral Mistake

A unilateral mistake occurs when only one party to a contract is mistaken about a basic assumption on which that party entered into the contract.

Mutual Mistake

A situation in contract law where all parties involved have a mistaken belief about a basic assumption on which the contract is based.