Which Balance Sheet Accounts Are Most Affected by Operating Activities

question 169

Multiple Choice

Which balance sheet accounts are most affected by operating activities?

• A)Current assets and current liabilities
• B)Long-term assets
• C)Long-term liabilities
• D)Stockholders' equity

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Definitions:

Raw Materials

Basic materials that are used in the production of goods, finished products, or intermediate materials that are feedstock for future finished products.

Labour

The human work effort, both physical and mental, used in the production of goods and services.