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Under current U.S. GAAP, which of the following is a cash flow associated with OPERATING activities of Banff Inc.? The other choices are not operating

Under current U.S. GAAP, which of the following is a cash flow associated with OPERATING activities of Banff Inc.? The other choices are not operating cash flows.

a. Sale of a patent that was previously registered to Banff

b. Payment of income taxes to the I.R.S.

c. Sale of preferred stock to Banff shareholders

d. Issuance of a short-term note payable to the local bank

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