Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

if a company put mone into a certificate of deposit, would this be a financing activity or investing activity? I also would like to know

if a company put mone into a certificate of deposit, would this be a financing activity or investing activity?
I also would like to know your thought on if a company created and funded a business money market savings account. What would the transfer of funds be classified as and what type of income would the interest income be classified as?
I would appreciate a clear explanation as I have created a fnancial plan, but I'm unsure of the classification for cash flow. Thank you

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

13th Edition

0135982138, 9780135982136

More Books

Students also viewed these Accounting questions