The operating activities section of the statement of cash flows includes all activities that affect long-term liabilities and owners' equity.

Question

Quizplus · Accepted Answer

The operating activities section of the statement of cash flows includes all activities related to the company's operations, such as sales, expenses, and changes in current assets and liabilities. It does not include activities that affect long-term liabilities and owners' equity, which are reported in the financing activities and investing activities sections.

The Operating Activities Section of the Statement of Cash Flows