Which of the following items would be specifically included in the statement of cash flows constructed in compliance with AS-3?
A. Conversion of debt to equity
B. Acquiring an asset through a lease
C. Operating and non-operating cash flow information
D. Purchasing a building by giving a mortgage to the seller
Answer: Option C
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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