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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
FINANCIAL ACCT.FUND.(LOOSELEAF)
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- Financial information for Lighthizer Trading Company for the fiscal year-ended September 30, 20xx, was collected. As part of a management training session, you have been asked to prepare an income statement format that will be used to distribute to management. Subtotals and totals are included in the information, but you will need to calculate the values. A. In the correct format, prepare the income statement using this information: B. Calculate the profit margin, return on investment, and residual income. Assume an investment base of $42,000 and 8% cost of capital. C. Prepare a short response to accompany the income statement that explains why uncontrollable costs are included in the income statement.arrow_forwardPlease select the aspect of accounting associated with the following activities 1. analyzing and interpreting reports 2. Presenting financial information 3.maintaining a log of service costs 4. Measuring the costs of a product 5. Preparing financial statements 6. Establishing revenues generated from a product 7.determining employee tasks behind a servicearrow_forwardManagement accounting information: A.helps shareholders make decisions B.is used by lenders to make credit decisions C.is a one-size-fits-all approach to reporting business results D.can be tailored to the needs of the internal userarrow_forward
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