Question

PB1.pdf
G
+
Автоматически
KENT
LIVIT
CFT0210
Apex Ltd. is a financial company which provides loan and invest into shares? At the year end,
company received Rs.80,000 interest on loan. Where will be the amount of interest presented
Activity arising from interest will be shown in investing activity
Activity arising from interest will be shown in financing activity
Activity arising from interest will be shown in operating activity
None of the above​

Answer 1

Answer:

Activity arising from interest will be shown in operating activity as company is financial company

Answer 2

Activity arising from interest will be shown in operating activity.