Answer
(b) Issuance of debt for cash
Work Step by Step
Financing activities involve cash flows related to raising or repaying capital, including:
- Issuing stock or bonds (b)
- Repurchasing stock
- Paying dividends
Investing activities involve buying or selling long-term assets (a, c)
Operating activities involve day-to-day business operations.
Therefore, the correct answer is (b) Issuance of debt for cash.
