Activities such as selling merchandise and services to customers and paying salaries and other expenses needed to continue earning the operating revenue are classified as:
A) Financing activities.
B) Investing activities.
C) Operating activities.
D) Management activities.

Question

Quizplus · Accepted Answer

Operating activities involve the primary day-to-day functions of a business, including selling merchandise and services to customers and paying salaries and other expenses necessary to generate operating revenue.

Activities Such as Selling Merchandise and Services to Customers and Paying