1.

State the category of the following items for a financial as well as nonfinancial company (1) Dividend received (2) Dividend paid (3) Interest paid (4) Interest received

Answer»
Financial companynon-financial company 
(1) Dividend receivedoperating activityinvesting activity
(2) Dividend paidfinancing activityfinancing activity
(3) Interest paidoperating activity financing activity
(4) Interest received operating activity investing activity

(Note; for objective type questions any one or two can be asked) 



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