The cash effects of transactions that create revenues and expenses are

Question

Quizplus · Accepted Answer

The cash effects of transactions that create revenues and expenses are related to the ongoing operations of a business, which fall under operating activities on the statement of cash flows. Financing activities are related to raising capital, while investing activities involve the purchase or sale of long-term assets. Processing activities are not typically recognized as a category on the statement of cash flows.

The Cash Effects of Transactions That Create Revenues and Expenses