If the amount of goodwill is 40,000 at the beginning of a year and 4 – McqOptions

MCQOPTIONS

1.	If the amount of goodwill is 40,000 at the beginning of a year and 48,000 at the end of that year then while preparing cash flow statement its effect on cash flow will be :
A.	cash used (payment) in investing activities 8,000
B.	cash received from operating activities 8,000
C.	cash used (payment) from operating activities 8,000
D.	cash used (payment) from financial activities 8,000
Answer» B. cash received from operating activities 8,000

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