Which of the following is not a typical operating activity?
A)Payment of accounts payable
B)Payment of long term notes payable
C)Payment of wages
D)Collection of accounts receivable

Question

Quizplus · Accepted Answer

Payment of long term notes payable is not a typical operating activity as it relates to the repayment of long-term debt, which falls under financing activities. Operating activities refer to the day-to-day activities of a business, such as payment of accounts payable, payment of wages, and collection of accounts receivable.

Which of the Following Is Not a Typical Operating Activity