With what are operating activities concerned?
A)Borrowing or lending
B)The sale or disposal of non-current assets
C)The trading and/or service operations of the business
D)None of the above

Question

Quizplus · Accepted Answer

Operating activities are concerned with the trading and/or service operations of the business, including the production and delivery of goods and services, and the associated expenses such as wages, rent, and utilities. Borrowing or lending (A) is a financing activity, while the sale or disposal of non-current assets (B) is an investing activity. Therefore, C is the correct answer. D is not correct because operating activities are a fundamental part of the day-to-day operations of a business.

With What Are Operating Activities Concerned