Question

Operating activities include the acquiring and selling of goods and services for cash or on account....

Operating activities include the acquiring and selling of goods and services for cash or on account.

True or False

Homework Answers

Answer #1

Answer:- Operating activities include the acquiring and selling of goods and services for cash or on account, it is false statement.

Explanation:-Operating activities include the acquiring and selling of goods and services only for cash transactions. Operating activities involve the cash effects of transactions that enter into the determination of net income, such as cash receipts from sales of goods and services and cash payments to suppliers and employees for acquisitions of inventory and expenses.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Operating activities include the acquiring and selling of goods and services for cash or on account....
Operating activities include the acquiring and selling of goods and services for cash or on account. true or false
True or False: Operating activities include the acquiring and selling of goods and services for cash...
True or False: Operating activities include the acquiring and selling of goods and services for cash or on account.
29) Financing activities include a) acquiring investments. b) lending money. c) acquiring long-lived assets. d) issuing...
29) Financing activities include a) acquiring investments. b) lending money. c) acquiring long-lived assets. d) issuing debt. 31) Which of the following increases cash? a) depreciation expense b) borrowing money by issuing a six-month note c) the declaration of a cash dividend d) acquisition of treasury stock 32) Which of the following would not be classified as an operating activity? a) interest expense b) income taxes c) payment of dividends d) selling expenses
Which of the following activities would be reflected in cash flows from operating activities? A. Cash...
Which of the following activities would be reflected in cash flows from operating activities? A. Cash payments for dividends. B. Cash receipts from the issuance of common stock. C. Cash receipts from the sale of goods or services to customers. D. Cash receipts from the sale of investments.
Which of the following activities would be reflected in cash flows from operating activities? A. Cash...
Which of the following activities would be reflected in cash flows from operating activities? A. Cash receipts from the sale of goods or services to customers. B. Cash payments for dividends. C. Cash receipts from the issuance of common stock. D. Cash receipts from the sale of investments.
MULTI-ANSWER - A business earning process would include which of the following activities? a. Selling inventory...
MULTI-ANSWER - A business earning process would include which of the following activities? a. Selling inventory or services b. Collecting and paying cash c. Purchasing or producing inventory d. Repairing and maintaining equipment e. Delivering the inventory or services
In preparing the cash flows from operating activities section of the statement of cash flows by...
In preparing the cash flows from operating activities section of the statement of cash flows by the indirect method the net decrease in inventories from the beginning to the end of the period is added to net income for the period true or false
Increasing spending on promotional activities will always result with increases in sales of pharmacy goods and...
Increasing spending on promotional activities will always result with increases in sales of pharmacy goods and services.     A.   True     B.   False
The statement of cash flows classifies cash receipts and cash payments into two categories: operating activities...
The statement of cash flows classifies cash receipts and cash payments into two categories: operating activities and nonoperating activities. True False In, Roswell Corporation, there was an increase in the land account during the year of $48.000. Analysis reveals that the change resulted from a cash sale of land at a cost $150.000, and a cash purchase of land for $198.000. In the statement of cash flows, the change in the land account should be reported in the investing section:...
1/ Both the direct method and the indirect method of computing net cash flow from operating...
1/ Both the direct method and the indirect method of computing net cash flow from operating activities convert accrual-based income statement amounts into cash flows. TRUE/ FALSE 2/ Under the indirect method, when machinery is sold at a gain, the gain is added in the operating section of the statement of cash flows and the cost is added in the investing section. TRUE/FALSE 3/ All of the following are financing activities except: Multiple Choice * 

Selling capital stock.
 * 

Lending...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT