Which of the following activities creates revenues and expenses in a company's major line of business?

Question

Quizplus · Accepted Answer

Operating activities are the primary activities of a company's major line of business, which generate revenues and expenses. Warehousing activities may incur expenses, but they are not directly related to the major line of business. Investing and financing activities involve transactions related to assets and liabilities of the company, which may or may not be related to the major line of business.

Which of the Following Activities Creates Revenues and Expenses in a Company's