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Sagot :
A company documents a loss of $70,000 on the sale of its outdated inventory.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.
To learn more about the outdated inventory the link
https://brainly.com/question/14542352
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