Which of the following are the activities that are included in the operating activities section of the statement of cash flows?
A) Activities that obtain the cash needed to launch and sustain the business are included in the operating activities section.
B) Activities that create revenue or expenses in the entity's major line of business are included in the operating activities section.
C) Activities that increase or decrease long-term assets are included in the operating activities section.
D) Activities that pertain to construction of new facilities are included in the operating activities section.

Question

Quizplus · Accepted Answer

The operating activities section of the statement of cash flows includes activities that create revenue or expenses in the entity's major line of business. Option A is incorrect because it refers to financing activities, option C is incorrect because it refers to investing activities, and option D is incorrect because it refers to investing or financing activities.

Which of the Following Are the Activities That Are Included