A company records a loss of $70,000 on the sale of its outdated inventory.
a. operating activity
b. investing activity
c. financing activity

Question

06-09-2022
Business

Answered

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A company records a loss of $70,000 on the sale of its outdated inventory.
a. operating activity
b. investing activity
c. financing activity

Sagot :

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Tutorconsortium363 Tutorconsortium363 · Answer 1 · 2022-09-11T01:48:03-04:00

A company documents a loss of $70,000 on the sale of its outdated inventory.

a) Operating Activity

What are operating activities?

Operating activities are all the things a business does to bring its products and services to market on an ongoing base. Non-operating activities are past events that may affect revenues, expenses, or cash flow but fall outside of the company's routine, core business. Operating activities include: Setting a strategy.

Operating activities contain cash activities related to net income. Investing actions contain cash activities similar to noncurrent assets. Financing actions contain cash activities related to noncurrent liabilities and owners' equity.

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A company records a loss of $70,000 on the sale of its outdated inventory. a. operating activity b. investing activity c. financing activity

Sagot :

What are operating activities?

Other Questions

A company records a loss of $70,000 on the sale of its outdated inventory.
a. operating activity
b. investing activity
c. financing activity