Answer :
A company documents a loss of $70,000 on the sale of its outdated inventory.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.
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