Question: Question 1 Classify the following activities as (a) Operating activities, (b) Investing activities (C) Financing activities (d) Cash equivalents with reference to AS 3 (Revised).

Question 1 Classify the following activities as

Question 1 Classify the following activities as (a) Operating activities, (b) Investing activities (C) Financing activities (d) Cash equivalents with reference to AS 3 (Revised). (a) Brokerage paid on purchase of investments (b) Underwriting commission paid (c) Trading commission received (d) Proceeds from sale of investment (e) Purchase of goodwill (f) Redemption of preference shares (g) Rent received from property held as investment (h) Interest paid on long-term borrowings (0) Marketable securities (having risk of change in value) (1) Refund of income tax received

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