Operating activities resulting from the sales of goods and services relate to
A)retained earnings reported on the balance sheet.
B)assets and liabilities reported on the balance sheet.
C)the income statement.
D)net income on the retained earnings statement.

Question

Quizplus · Accepted Answer

Operating activities resulting from sales of goods and services are recorded on the income statement, as they represent the revenues and associated expenses of the company's primary operations. The other options (A, B, and D) are not specific to operating activities resulting from sales of goods and services.

Operating Activities Resulting from the Sales of Goods and Services