Edward works as an accountant for a large company. He is currently preparing the company’s cash flow statement. The company raised $3 million during the year by issuing public shares. Under which category of business activities appearing in a cash flow statement should Edward record the given amount? Edward should record this amount as a cash inflow resulting from activities.

Answers

Answer 1

Answer:

long-term assets are considered investing activities. Note that if the transaction had involved the exchange of a building for other than cash (for example, for another building, common stock of another company, or a long-term note receivable), it would have been considered a significant non-cash activity.


Related Questions

True or False - Goods and services can only be counted ONCE.

Answers

Answer:

it is true it is true it is true

What is the sale price for a swimming suit with a regular price of $59.95 which is on sale for 30% off?
$77.94
$17.99
$30.00
$70.00
$41.97​

Answers

Answer:

$41.97

Explanation:

which statement describes border and shading?!

Answers

Border is something that goes right around an object.

Shading is the color of an object.

Hope this helps! :)

Shading is sorta like coloring something. Border means something that goes around another thing.
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