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Question 7 of 38
Which of these is a financing activity?
O Sale of long term asset
Interest received
O Dividend received
O Redemption of preference share capital
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Answer 1

Explanation:

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Answer 2

Financing activities are transactions involving long-term liabilities, owner’s equity and changes to short-term borrowings. These activities involve the flow of cash and cash equivalents between the company and its sources of finance i.e. the investors and creditors for non-trading liabilities such as long-term loans, bonds payable etc.