For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity, or a significant (N) noncash financing and investing activity.
-Collected accounts receivable from customers.
A)F
B)O
C)N
D)I

Question

Quizplus · Accepted Answer

Collecting accounts receivable from customers is considered an operating activity because it relates to the primary revenue-producing activities of the business.

For Each of the Following Items, Indicate Whether It Would