Multiple Choice
In order to assess an entity's cash performance it is common to classify its activities into operating, investing and financing. For a local soccer club, which of the following would be an operating activity?
A) Receipt of membership fees from players.
B) Purchasing new soccer goals for all fields and age groups.
C) Repaying a loan for the clubhouse.
D) Purchasing a new coffee machine for the clubhouse.
Correct Answer:
Verified
Correct Answer:
Verified
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