Question : Assertion (A): Purchase of Goodwill is classified as Investing activity in case of all the enterprises

Reason (R): It does not affect cash of the company since there is no payment or receipt in cash.

In the context of above two statements, which of the following is correct?

Option 1: Assertion (A) and Reson (R) are correct but the reason (R) is not the correct explanation of Assertion (A).

Option 2: Both, Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)

Option 3: Assertion (A) is correct but the Reason (R) is not correct

Option 4: Assertion (A) is not correct but the Reason (R) is correct

Question : Assertion: A Purchase of patent is classified as investing activities in case of all enterprises
Reason R :- purchased of patent by finance company is classified under financing activities

In the context of above two statements, which of the following is

Question : Assertion: A Purchase of patent is classified as investing activities in case of all enterprises
Reason R :- purchased of patent by finance company is classified under financing activities

In the context of above two statements, which of the following is

Question : Assertion (A): Purchase of Stock in Trade on credit will not result in Flow of Cash or Cash Equivalents.

Reason (R): Purchase of Stock in Trade on credit does not involve cash.

in the context of the above two statements, which of the following is correct?

Question : Assertion (A): Non-cash transactions are not considered in preparing Cash Flow Statement.

Reason (R): Non-Cash transactions do not affect Cash and Cash Equivalents.

In the context of above two statements, which of the following is correct?

Question : Assertion: A purchase of furniture on credit will not result in flow of cash or cash equivalents
Reason R: - purchased of furniture on credit will not involve cash.

In the context of above two statements, which of the following is correct