Paying interest expense and receiving interest revenue are examples of
A. Operating activities.
B. Financing activities.
C. Investing activities.
D. Delivery activities.
Answer: A. Operating activities.
Business
You might also like to view...
Schwartz Publishers collected $3,500 in cash from customers for future subscriptions. Which entry should Schwartz make on the date the cash is received?
a. Unearned Revenue 3,500 Revenue 3,500 b. Cash 3,500 Revenue 3,500 c. Revenue 3,500 Unearned Revenue 3,500 d. Cash 3,500 Unearned Revenue 3,500 e. Unearned Revenue 3,500 Cash 3,500
Business
A California veteran might have a home loan insured by
a. FHA. b. VA. c. CalVet. d. Fannie Mae.
Business