Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 1 - Introduction to Financial Statements - Self-Test Questions: 6

Answer

a) Issuing shares of common stock

Work Step by Step

This is considered as a financing activity because the two primary sources of outside funds for corporations are borrowing money and issuing shares of stock in exchange for cash.
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