For each of the following items, indicate whether it would be classified as either an (O) operating activity, an (I) investing activity, a (F) financial activity, or a significant (N) noncash financing and investing activity.
-Cash sales of merchandise.
A)O
B)N
C)I
D)F

Question

Quizplus · Accepted Answer

Cash sales of merchandise are considered operating activities because they are part of the company's primary operations and involve the cash inflow from selling goods or services.

For Each of the Following Items, Indicate Whether It Would