Answer (B) is correct . Financing activities are defined to include the issuance of stock, the payment of dividends, the receipt of donor-restricted resources to be used for long-term purposes, treasury stock transactions (purchases or sales), the issuance of debt, the repayment of amounts borrowed, obtaining and paying for other resources obtained from creditors on long-term credit.
Answer (A) is incorrect because The purchase of equipment is an investing activity.
Answer (C) is incorrect because The sale of trademarks, like the sale of any long-lived asset, is an investing activity.
Answer (D) is incorrect because The payment of interest on a mortgage note is an operating activity.
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