Cash flows from operating activities relate to the buying and selling of long-term assets.

Name: Cash flows from operating activities relate to the buying and selling of long-term assets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash flows from operating activities relate to the day-to-day operations of the business, such as revenue generation and expenses incurred. The buying and selling of long-term assets is classified as investing activities under the cash flow statement.

Cash Flows from Operating Activities Relate to the Buying and Selling