Which of the following sections of the statement of cash flows include activities that affect current assets and current liabilities on the balance sheet? (Assume the indirect method is used.)
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 of the statement of cash flows includes activities that affect current assets and current liabilities on the balance sheet. This section includes adjustments for changes in accounts receivable, inventory, accounts payable, and other current assets and liabilities. The investing and financing sections typically involve non-current assets and liabilities. The non-cash investing and financing section includes transactions that don't involve cash, such as exchanging one asset for another or issuing stock for a non-cash asset.

Which of the Following Sections of the Statement of Cash