Which of the following sections of the statement of cash flows include activities that create revenue and expenses of the business?
A)the investing section
B)the financing section
C)the operating section
D)the non-cash investing and financing section

Question

Quizplus · Accepted Answer

The operating section includes activities that create revenue and expenses of the business, such as the cash inflows and outflows from sales, purchases of inventory, and payment of salaries and other operating expenses. The investing section includes cash flows from the purchase and sale of long-term assets, and the financing section includes cash flows from issuing and repaying debt or equity. The non-cash investing and financing section includes non-cash transactions such as the exchange of stock for assets.

Which of the Following Sections of the Statement of Cash