Which of the following is an operating activity?
A) net profit for the year
B) a computer purchase
C) long-term borrowings
D) short-term borrowings

Name: Which of the following is an operating activity? A) net profit for the year B) a computer purchase C) long-term borrowings D) short-term borrowings
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Question

Quizplus · Accepted Answer

Short-term borrowings are considered an operating activity as they are typically used to meet the day-to-day operational needs of a business.

Which of the Following Is an Operating Activity