Indicate the correct option as regards the sources of funds for a funds flow statement from the following
1. Increase in working capital.
2. Decrease in working capital.
3. Writing-off the intangible/fictitious assets.
4. Issuing equity shares for acquisition of a building for office.
5. Charging depreciation on fixed assets.
Select the correct answer
A. 1, 3 and 4
B. 2, 3 and 5
C. 1, 4 and 5
D. 2, 3 and 4
Answer: Option B
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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