Operating activities are transactions and events associated with selling a product or providing a service related to the: A. revenues and expenses reported on the Income Statement B. assets and liabilities reported on the Balance Sheet. c. net income reported on the Statement of Retained Earnings. D. Retained Earnings reported on the Balance Sheet Operating Cash Flows affect: O A. long-term liability accounts. B. equity accounts. O C. long - term asset accounts. D. current assets and current liabilities