The majority of activities or transactions that affect the income statement are included in which section of the statement of cash flows?

Question

Quizplus · Accepted Answer

The operating activities section of the statement of cash flows includes cash inflows and outflows from activities directly related to the company's main business operations, which are also typically the activities that affect the income statement. This section includes items such as revenue, expenses, and changes in working capital. Investing activities relate to the buying or selling of long-term assets, while financing activities relate to the raising or repaying of capital. Managing activities is not a recognized category on the statement of cash flows.

The Majority of Activities or Transactions That Affect the Income