What is an operating activity?
A)Activities involving the acquisition and disposal of long-term assets.
B)Activities involving changes in the size and composition of the contributed equity.
C)Activities involving the principal revenue-producing activities of the entity.
D)Activities that do not involve cash.

Question

Quizplus · Accepted Answer

Operating activities are the principal revenue-producing activities of an entity, such as sales of goods or services, and are essential to sustaining the entity's operations.

What Is an Operating Activity