Which of the following sections from the statement of cash flows includes activities that create revenue, expenses, gains and losses?
A) The investing section
B) The financing section
C) The operating section
D) The noncash investing and financing section

Question

Quizplus · Accepted Answer

The operating section includes activities that create revenue and expenses, as well as gains and losses. This section shows the cash inflows and outflows from the primary operations of the business. The investing section shows cash flows related to the purchase and sale of long-term assets, while the financing section shows cash flows related to raising capital and repaying debt. The noncash investing and financing section shows transactions that did not involve cash, such as the exchange of assets or the issuance of stock.

Which of the Following Sections from the Statement of Cash