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Unformatted text preview: o Ex selling lemonade Partnership: two or more people involved in any legal profit baring endeavor Corporation Business Activity Categories Financing Activities: ways a company accumulates capital (business does this first) o Own money (self financing) o Borrowing or issuing bonds (debt financing) o Sale of stock Investing Activities: Spending of capital o Buying buildings, equipment, and assets needed to run you business Operating Activities: money made or spent performing whatever it is your business does! Communication is the most important aspect of accounting...
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This note was uploaded on 04/14/2011 for the course ACCT 2101 taught by Professor Christianwurst during the Spring '08 term at Temple.
- Spring '08
- Financial Accounting