Operating events include
A)the payment of dividends and accounting principle changes.
B)inflows and outflows of assets due to the generation of revenues.
C)purchases, sales, and exchanges of long-term assets.
D)expenses and costs of acquiring plant assets .

Question

Quizplus · Accepted Answer

Operating events refer to the day-to-day transactions of a company that generate revenues and incur expenses, resulting in inflows and outflows of assets. Options A, C, and D refer to investing and financing activities, which are separate from operating activities.

Operating Events Include