Which of the following sections of the statement of cash flows include activities that affect net income on the income statement?
A) the financing activities section
B) the operating activities section
C) the investing activities section
D) the non-cash investing and financing section

Question

Quizplus · Accepted Answer

The operating activities section includes activities that affect net income on the income statement, such as cash received from customers and cash paid for expenses. The financing and investing activities sections do not have a direct effect on net income. The non-cash investing and financing section includes non-cash transactions, which do not impact net income on the income statement.

Which of the Following Sections of the Statement of Cash