Which of the following are examples of cash flow from operating activities as per AS-7?
1. Cash receipts from the sale of goods and the rendering of services.
2. Cash receipts from disposal of intangible assets.
3. Cash receipts from royalties, fees, commissions and other revenue.
4. Cash payments to suppliers for goods and services.
5. Cash proceeds from issuing shares or other similar instruments.
6. Cash payments to and on behalf of employees.
Select the correct answer:
A. 1, 3, 4 and 6
B. 2, 5 and 6
C. 1, 2, 3 and 4
D. 2, 3, 4 and 6
Answer: Option A
This Question Belongs to Commerce >> Accounting
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