Which of the following statements regarding business activities is true? a. Operating activities involve buying the assets

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Which of the following statements regarding business activities is true?

a. Operating activities involve buying the assets that enable a company to generate revenue.

b. Investing activities center around earning interest on a company’s investments.

c. Companies spend a relatively small amount of time on operating activities.

d. Financing activities include obtaining the funds necessary to begin and operate a business.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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