B is corrent. Per ASC Topic 230, financing activities include obtaining resources from owners and providing them with a return on, and a return of, their investment. Proceeds from issuing equity instruments are specifically identified as cash inflows from financing activities.
A is incorrect. Proceeds from issuing equity instruments are not classified as cash inflows from investing activities. Per ASC Topic 230, financing activities include obtaining resources from owners and providing them with a return on, and a return of, their investment. Proceeds from issuing equity instruments are specifically identified as cash inflows from financing activities.
C is incorrect. Proceeds from issuing equity instruments are not classified as cash inflows from lending activities. Per ASC Topic 230, financing activities include obtaining resources from owners and providing them with a return on, and a return of, their investment. Proceeds from issuing equity instruments are specifically identified as cash inflows from financing activities.
D is incorrect. Proceeds from issuing equity instruments are not classified as cash inflows from operating activities. Per ASC Topic 230, financing activities include obtaining resources from owners and providing them with a return on, and a return of, their investment. Proceeds from issuing equity instruments are specifically identified as cash inflows from financing activities.
|
