Question : Which of the following is shown under Financing Activity?
Option 1: Interest paid
Option 2: Commission Received
Option 3: Cash received against sale of goods
Option 4: Cash paid for the purchase of goods
Answer (1)
15th Jan, 2024
Correct Answer: Interest paid
Solution : Financing activities will include money received from the sale of stocks and bonds, dividend payments, and interest payments.
Hence the correct answer is option 1.
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