Match List I with List II in context of cashflow statementLIST IA. Sale of fixed assetB. Purchase of GoodwillC. Tax PaidD. Dividend Paid LIST III. Outflow in operating activitiesII. Inflow in Investing ActivitiesIII. Outflow in Investing ActivitiesIV. Outflow in Financing Activities Choose the correct answer from the options given below:
- AA - II, B - I, C - IV, D - III
- BA - II, B - III, C - I, D - IV
- CA - II, B - I, C - III, D - IV
- DA - III, B - II, C - IV, D - I
Solution & Step-by-step Explanation
A. Sale of fixed asset -> Inflow in Investing Activities (II)B. Purchase of Goodwill -> Outflow in Investing Activities (III)C. Tax Paid -> Outflow in operating activities (I)D. Dividend Paid -> Outflow in Financing Activities (IV)