_______ are one-time events that may affect revenues, expenses or cash flow but fall outside of the company’s routine core business.

Operating activity

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Non-operating activity

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Financing activity

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None of the above

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Solution

The correct option is B
Non-operating activity

Non-operating activities are one-time events that may affect revenues, expenses or cash flow but fall outside of the company’s routine core business.

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Similar questions

___ assets are used up in the daily normal routine of the business which get converted into cash or cash equivalents within one year.

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