Purchase of fixed asset is classified as------activity
A) financing
B) investing
C) operating
D) others
Correct Answer:
Verified
Q8: Proposed dividend is a--------
A)Current liability
B)Current asset
C)Noncurrent liability
D)Expense
Q9: Cash flow statement is prepared by taking
Q10: Decrease in a creditor is a---------------- of
Q11: Goodwill written off is-----------to the net profit
Q12: Provision for tax is shown as a
Q14: Purchase of building by issue of debenture
Q15: Cash flow statement is based on past
Q16: Cash equivalent are usually of short term
Q17: Cash flow statements (based on AS-3) should
Q18: Income tax paid should be shown separately
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