Activities that create revenues and expenses are referred to as:
A) operating activities
B) investing activities
C) financing activities
D) financing and investing activities

Question

Quizplus · Accepted Answer

Operating activities generally include day-to-day business activities that generate revenue and expenses, such as sales, production, and procurement. These activities are the primary source of a company's operating cash flow. Investing activities refer to purchases and sales of long-term productive assets, while financing activities relate to raising or repaying funds from debt or equity sources.

Activities That Create Revenues and Expenses Are Referred to As