Under ASPE which of the following is not an example of an operating activity?
A) dividends declared
B) dividend income
C) interest income
D) interest expense

Question

Quizplus · Accepted Answer

Dividends declared is not an example of an operating activity under ASPE. Operating activities relate to the primary business activities of a company, such as sales of goods or services, while dividends declared are a financing activity as they relate to the distribution of profits to shareholders. Dividend income and interest income would be considered operating activities, while interest expense would be a financing activity.

Under ASPE Which of the Following Is Not an Example