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

question 66

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 related to 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.

---

Definitions:

Social Distinctions

The differences recognized by society that categorize people into groups, often based on socioeconomic status, occupation, ethnicity, or culture.

Styles

Distinctive and identifiable forms or designs in art, clothing, literature, behavior, or other expressions unique to individuals or groups.

Body

The physical structure of a human or animal considered as a whole, often examined in disciplines such as biology, medicine, and sociology for various purposes.

Single-family Detached Homes

A standalone residential structure that does not share walls with any other house, designed to house a single family.