In a statement of cash flows:
A) Operating activities are the same activities as reported in the income statement.
B) The two primary reporting classifications of cash flows are inflows and outflows.
C) No noncash transactions are reported in the statement itself or the related footnote.
D) Inflows and outflows for cash equivalents are reported as operating activities.

Question

Quizplus · Accepted Answer

Operating activities are the same activities as reported in the income statement.

In a Statement of Cash Flows