To arrive at funds from operation ,non-cash expenses must be added to----------
A) Net profit
B) Gross profit
C) Operating profit
D) None of these
Correct Answer:
Verified
Q1: Any gain on sale of non-current asset
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
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
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents