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hardMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

Which items are not added to the net profit for calculating cash from operating activities?(I) Interest and dividend received(II) Transfer to reserves(III) Discount on issue of shares(IV) Loss on sale of fixed assets

  1. A
    Only (I)
  2. B
    (I) and (II)
  3. C
    (I), (II) and (III)
  4. D
    (I), (II), (III) and (IV)

Solution & Step-by-step Explanation

Interest and dividend received are non-operating incomes that are deducted from net profit while calculating cash flows from operating activities.

Practice this question

Try it yourself before checking the explanation above.

Which items are not added to the net profit for calculating cash from operating activities?(I) Interest and dividend received(II) Transfer to reserves(III) Discount on issue of shares(IV) Loss on sale of fixed assets
A
Only (I)
B
(I) and (II)
C
(I), (II) and (III)
D
(I), (II), (III) and (IV)

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Financial StatementsCash Flow

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