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      Question

      The group into which business activities are classified

      for financial reporting of cash flow statement are:
      A Current and non-current Correct Answer Incorrect Answer
      B Operating, investing and financing Correct Answer Incorrect Answer
      C Asset and liabilities Correct Answer Incorrect Answer
      D Profit and loss Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Cash Flow Statement should classify the cash flows into three categories: a. Operating Activities – activities related to the operations of the company, including changes in working capital b. Investing Activities – activities related to how money is used and deployed into various non-current assets c. Financing Activities – activities related to raising funds/money through owned or debt capital

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