PDA

View Full Version : Operating Activity in Cash Flows


chuckeeebeee
May 7, 2007, 01:00 PM
Question:Which of the following activities is an operating activity?
a. Issuing bonds at their face amount
b. Issuing stock in complete payment of a fixed asset
c. Purchasing the common stock of another corporation as an investment
d. Purchasing merchandise inventory for resale to customers
e. Paying off a long- mortgage note payable

Thank you so much for your help on this question.

CaptainForest
May 7, 2007, 04:18 PM
Answer: D