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Question
Statement I: Increase in provision for doubtful debts should be added back for calculating cash flow from operating activities.
Statement II: Dividend received is a financing activity.
Options
Statement I is correct, and Statement II is incorrect.
Statement I and Statement II is correct.
Statement I and Statement II is incorrect.
Statement I is incorrect, and Statement II is correct.
MCQ
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Solution
Statement I is correct, and Statement II is incorrect.
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