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is “recieved interest income on bank account amount $2,000” operating, financing or investing and is it...

is “recieved interest income on bank account amount $2,000”
operating, financing or investing
and is it an outflow or inflow
0 0
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Answer #1

Soluion :

" Received intrest income on bank account amount $ 2,000" is an operating activity and this is an inflow. The reason for treating this as operating activity is intrest received on bank account is an ancillary business income and has not been received from any investment or financing activity.

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