question archive

Subject:AccountingPrice:2.87 Bought7

.Which of the following scenarios is an operating activity?

  • a.)
  • The Tasty Treat recorded $2,500 in expenses last quarter.
  • b.)
  • The Burger Place currently has a $1,800 credit on their account with their food supplier.
  • c.)
  • Pat received $900 in cash paid to him as an owner drawing.
  • d.)
  • The Shear Talent paid the bank $750 toward the principle of the mortgage loan.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Answer:

  • The Tasty Treat recorded $2,500 in expenses last quarter.

Step-by-step explanation

The reason for this is that operating activities are related to sales, marketing expenses, selling expenses, expenses related to manufacturing or the business.

Sitejabber (5.0)

Merchant Circle (4.8)

Trustpilot (4.6)

Study Help Me (4.9)

Related Questions