Question:
While preparing the Cash Flow Statement, purchase of goodwill is treated as
While preparing the Cash Flow Statement, purchase of goodwill is treated as
Updated On: Oct 29, 2024
- Operating activity
- Financing activity
- Investing activity
- Extraordinary item
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The Correct Option is C
Solution and Explanation
The purchase of goodwill is considered an investing activity because it represents the acquisition of an intangible asset.
Hence, the correct answer is Option 3.
Hence, the correct answer is Option 3.
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