Asked by connor Xiong on Jul 25, 2024
Verified
Financing activities provide the resources organizations use to pay for resources such as land,buildings,and equipment.
Financing Activities
Transactions and events where a company raises capital and repays investors, including issuing debt and equity as well as dividend payments.
Resources
Economic or productive assets that can be utilized by an organization or individual to generate income or value, including natural, human, and financial resources.
Land
An asset category representing the ground a company owns, used for business operations but doesn’t depreciate over time.
- Discriminate between the various business activities: operating, investing, and financing.
- Determine the attributes and outcomes of different financial actions.
Verified Answer
OG
Oopeve GosoljitJul 26, 2024
Final Answer :
True
Explanation :
Financing activities typically involve obtaining funding from sources such as issuing stocks or bonds, taking out loans, or using lease agreements to acquire assets like land, buildings, and equipment. These funds are then used to make payments for those resources over time.
Learning Objectives
- Discriminate between the various business activities: operating, investing, and financing.
- Determine the attributes and outcomes of different financial actions.