72. Which of the following items would be classified as operating activities while preparing statement of cash flows ?

CS Executive · Cost and Management Accounting · PYQS · June 2021
72. Which of the following items would be classified as operating activities while preparing statement of cash flows ?
(A) Acquisition of equipment and payment of dividends
(B) Proceeds from borrowing, payment of dividends, purchase of assets
(C) Payment for inventory, payment of salaries, cash received from sale of goods
(D) Payments on loan, payments for taxes, payments for dividends

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cash Flow Statement

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