Home › Bihar Board Class 12 (Commerce) › Accountancy › Cash Flow Statement › Purchase of shares is an operating activity for …
Purchase of shares is an operating activity for which kind of firm?
AA school trust
BA cement firm
CA textile mill
DA share broker
Answer & Solution
Correct answer: D. A share broker
For a broker, dealing in shares is the main business, whereas other firms treat share purchases as investing.
Related questions
Which transaction is a non-cash financing activity?Payments to suppliers for goods and services belong to which activity?Repayment of debt principal, including capital leases, is classed under which activity?Which payment is an example of an investing activity?In the indirect method, a rise in a liability is treated how?The indirect method of preparing a cash flow statement starts from which item?Why can a firm with a profit still be in financial trouble, as the cash flow statement shoWhich item is left out of a cash flow statement as it involves no cash?