Under ASPE which of the following is not an example of an operating activity? A) dividends declared B) interest expense C) dividend income D) interest income

Question

Quizplus · Accepted Answer

Dividends declared are a financing activity, not an operating activity, under ASPE. Operating activities are related to the main revenue-producing activities of the entity, such as sales of goods or services, purchases of inventory, and payments to suppliers and employees. Interest and dividend income and expenses are also considered operating activities.

Under ASPE Which of the Following Is not an Example