Which of the Following Describes the Operating Activities Section of the Statement

question 152

Multiple Choice

Which of the following describes the operating activities section of the statement of cash flows?

• A)It reports cash receipts and cash payments that increase or decrease long-term assets.
• B)It includes cash inflows and outflows involved in long-term liabilities and equity.
• C)It reports on activities that create revenue or expenses for the entity's business.
• D)It reports on how cash flows affect the total assets and total liabilities.

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Definitions:

Convenience Stores

Retail outlets that provide a range of everyday items such as snacks, beverages, tobacco products, and household essentials, often operating for extended hours.

Butter

A dairy product made from churning milk or cream, used as a spread or in cooking.

Stock Price

The cost of purchasing a single share of a company's stock, determined by the demand and supply in the stock market.

Apex Resources

A term potentially referring to a company, project, or materials designated as top or highest quality within a specific domain or sector.