Give a specific example of each form of business in your community (Hint:There are three forms)....

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Give a specific example of each form of business in your community (Hint:There are three forms). List three types of operating, investing, and financing activities that you may see on the Statements of Cash Flows for the corporation you chose. If you could add a type of business activity, what would it be? How would this business activity benefit accounting information? Your textbook should always be your primary resource, but you can use external sources (internet, accounting journals, etc.) for this discussion. Be sure to include a link of the sources you used.

business accounting

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Answer 1

Answer #1

Three types of activities from each:

Operating activity: Purchase and sale of goods, Rent, Salary

Investing activities: Purchase of Land (assuming it is not an operating activity for the concern), Investment in Bonds, Loan given.

Financing Activity: Dividend, Loan taken, Raising equity.

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Answer 2

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