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#cfa-level-1 #reading-23-financial-reporting-mechanics
interest received by a bank on one of its loans would be considered part of operating activities because a bank is in the business of lending money.
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2. THE CLASSIFICATION OF BUSINESS ACTIVITIES
3; Accounting elements: Assets (A), Liabilities (L), Owners’ Equity (E), Revenue (R), and Expenses (X). Not all transactions fit neatly in this framework for purposes of financial statement presentation. For example, <span>interest received by a bank on one of its loans would be considered part of operating activities because a bank is in the business of lending money. In contrast, interest received on a bond investment by a restaurant may be more appropriately classified as an investing activity because the restaurant is not in the business of lendin


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