Solved

When a Fixed Asset Is Bought as Hire Purchase, Interest

Question 2

Multiple Choice

When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________.


A) operating activities, financing activities
B) financing activities, investing activities
C) investing activities, operating activities
D) none of the above

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents