When a fixed asset is bought as hire purchase, interest element is cla – McqOptions

MCQOPTIONS

1.	When a fixed asset is bought as hire purchase, interest element is classified under ______ and loanelement is classified under________.
A.	operating activities, financing activities
B.	financing activities, investing activities
C.	investing activities, operating activities
D.	none of the above
Answer» C. investing activities, operating activities

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