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Financing Activities:
The financing activity means those activities of business that increase the capital of business. As company needs finance to run the business, the company may demands funds from public, banks and from financial institutions.
Investing Activities:
The fixed assets are needed to run the business, as the product of the company can make only through machineries. The investing activity of business deals with the sale purchase of fixed assets and investment of the company.
Operating Activities:
Operating activities are also known as the core business activities of the business. The sale purchase and all the related activities of the business are considered as operating activity of the business.
To identify: The type of business activity.
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Chapter 1 Solutions
FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
- MCQarrow_forwardAndover Manufacturing completes Job #725, which has a standard of 600 labor hours at a standard rate of $21.00 per hour. The job was completed in 720 hours, and the average actual labor rate was $21.80 per hour. What is the labor efficiency (quantity) variance?arrow_forwardQuick answer of this accounting questionsarrow_forward
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