When accounting for cash collected from customers, the transaction would appear on the cash flow statement as a(an):
A) investing activity
B) activity that would not appear on the cash flow statement
C) financing activity
D) operating activity

Question

Quizplus · Accepted Answer

Cash collected from customers is a result of the company's core business operations and is therefore considered an operating activity.

When Accounting for Cash Collected from Customers, the Transaction Would