Homework answers / question archive / ________ activities include obtaining cash to pay debts or to repay amounts the company has borrowed

________ activities include obtaining cash to pay debts or to repay amounts the company has borrowed

Accounting

Share With

1. ________ activities include obtaining cash to pay debts or to repay amounts the company has borrowed.
2. A company records a liability in their accounting books when they
3. If Company B sells goods to a customer but does not receive cash immediately, Company B has a(n)
4. Resources that are owned by a company are called
5. Companies are most likely to use cash from financing activities to purchase
6. At the end of the accounting period on December 31, 2016, Rose Industries records wages payable of $42,500. For the same accounting period, Romero Industries does not need to record wages payable. Why?
7. Kim's Flowers decided to borrow $26,000 from the bank to purchase a new delivery vehicle. How should they categorize this business activity?
8. What is the difference between accounts receivable and accounts payable?
9. In 2016, Alexander Industries had two major transactions involving stocks. The first transaction was a financing activity, and the second transaction was an investing activity. Which of the following transactions likely occurred?
10. Mark and Sally both decided to invest in the same company. Mark does not like risk, so he purchased bonds from the company. Sally does not mind a little bit of risk, so she purchased stocks from the company. What is the difference between Mark's and Sally's expectations of the company?