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.