Cash flow statement is based on past records, so it is---------in nature
A) historical
B) future item
C) past
D) none of these
Correct Answer:
Verified
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
Q13: Purchase of fixed asset is classified as------activity
A)financing
B)investing
C)operating
D)others
Q14: Purchase of building by issue of debenture
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
Q19: Buy back of shares is shown under-----------------------
A)operating
Q20: Increase in prepaid expenses--------------------cash
A)Increases
B)Added
C)Decreases
D)None of these
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