Assuming a transaction increases interest receivable and interest revenue, what effect does it have on the amount of cash generated by operating activities?
A)Decreases it
B)Increases it
C)Has no effect
D)Cannot be determined from the information given

Question

Quizplus · Accepted Answer

The transaction does not involve a cash inflow or outflow, therefore it would have no effect on the amount of cash generated by operating activities.

Assuming a Transaction Increases Interest Receivable and Interest Revenue, What