Any gain on sale of non-current asset should be ----- from the net profit for determining funds from operation
A) Deducted
B) Added
C) Increased
D) None of these
Correct Answer:
Verified
Q2: Asset sold on credit is---- of funds
A)Application
B)Uses
C)Source
D)Decrease
Q3: Furniture sold for cash -----funds flow
A)Increases
B)Decreases
C)Deducted
D)None of
Q4: Goodwill is a ---------------------transaction
A)Current
B)Noncurrent
C)Fixed
D)None of these
Q5: When one account is current and another
Q6: To arrive at funds from operation ,non-cash
Q7: Fund flow statement is accompanied by a
Q8: Goods purchased on credit-----------inflow of funds
A)Does not
Q9: ----------account is prepared to know funds from
Q10: Increases in current liabilities --------------working capital
A)Increase
B)Decreases
C)Added
D)None of
Q11: Increase in current assets-------------working capital
A)Increases
B)Decreases
C)Deducts
D)Reduces
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