Among the options provided, a) issuance of common stock would not be considered an investing activity. Investing activities typically involve transactions related to the purchase and sale of long-term assets and investments. Let’s break down the options:
- a) Issuance of common stock: This activity relates to financing rather than investing. It’s about raising capital for the company by selling shares to investors.
- b) Purchase of used equipment: This is an investing activity as it involves acquiring a long-term asset that will contribute to the company’s operations.
- c) Sale of land: Selling land is also an investing activity since it involves the disposal of a long-term asset.
- d) Sale of a long-term investment: This is considered an investing activity as it pertains to the gain or loss from investments made with the intent of holding them for a long period.
In summary, the issuance of common stock is associated with financing activities necessary for raising funds, and is not classified as an investing activity.