Which of the following sections of the statement of cash flows includes activities that affect current assets and current liabilities on the balance sheet? (Assume the indirect method is used. )
A)the investing activities section
B)the financing activities section
C)the operating activities section
D)the non-cash investing and financing section

Question

Quizplus · Accepted Answer

The operating activities section includes activities that affect current assets and current liabilities on the balance sheet, such as changes in accounts receivable, accounts payable, and inventory. The investing and financing activities sections do not typically involve changes in current assets and liabilities. The non-cash investing and financing section includes non-cash transactions, which may not affect current assets and liabilities.

Which of the Following Sections of the Statement of Cash