How many of the following transactions are operating activities? Borrowed $50,000 from the bank
Purchased $12,000 in supplies
Provide services to customers for $27,000
Paid the utility bill of $750
Purchased a delivery truck for $12,000
Received $25,000 from issuing common stock

Question

Quizplus · Accepted Answer

Operating activities are the day-to-day business activities to generate revenue. Out of the given transactions, the following are operating activities:
- Providing services to customers for $27,000
- Paying the utility bill of $750
- Purchasing $12,000 in supplies to be used in generating revenue.

How Many of the Following Transactions Are Operating Activities? Borrowed