Cash equivalent are usually of short term but highly -----------------investments
A) liquid
B) Fixed
C) Changed
D) None of these
Correct Answer:
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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
Q15: Cash flow statement is based on past
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
Q21: Dividend paid are classified under-------------------activities
A)Financing
B)Investing
C)Operating
D)Others
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