In case of a financial enterprise, interest received on debentures held as investment is —

CS Executive · Cost and Management Accounting · PYQS · June 2015
In case of a financial enterprise, interest received on debentures held as investment is —
(A) Financing activity
(B) Investing activity
(C) Operating activity
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cash Flow Statement

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