Statement of Cash Flows - Easy Trick for Classification! - Operating, Financing, and Investing

Devon Coombs, CPA, discusses an easy trick to remember the difference between operating, investing, and financing activities for statement of cash flows accounting. This includes that current assets are operating activities, long-term assets are investing activities, and long-term liabilities and equity are generally financing activities. Please watch this video to learn more about the statement of cash flows and prep for your accounting 101, accounting basics, or CPA prep courses.