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Question
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Cash proceeds from issue of debentures is _______________.
Options
financial activity
non financial activity
operating activity
trading activity
Solution
Cash proceeds from issue of debentures is financial activity.
Explanation: Cash proceeds from issue of debentures are classified as financial activity for the business, as it relates to arrangement of funds for the business.
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|
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1.4.2009 |
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|
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