Rent received by a company (whose main business is real estate) is classified as
A) Investing activity
B) Financing activity
C) Operating activity
D) Cash equivalent
Correct Answer:
Verified
Q6: Cash flows include
A)Cash payments only
B)Cash receipts only
C)Cash
Q7: Cash flow statement is based on----------
A)Cash basis
Q8: Proposed dividend is classified as-----------
A)Investing activity
B)Financing activity
C)Operating
Q9: Profit on sale of machinery comes under------------
A)Investing
Q10: Sale of patent is classified under---------
A)Investing activity
B)Financing
Q12: AS-3 is related to
A)Cash flow statement
B)Funds flow
Q13: A system of control where persons are
Q14: A system where accounting is established with
Q15: A segment of activity for which cost
Q16: A segment of activity for which both
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