I am pretty sure that it's D. Tell me if it's correct or not!
True, i think this is more of an opinion type question
Answer: A. Cash flow from investing activities
Explanation:
When we prepare a cash flow statements the sum of following heads are ascertained:
- Cash flow from operating activities
- Cash flow from investing activities
- Cash flow from financing activities
The total sum of these three heads provide the net increase or decrease in cash.
Now we add the openening balance of cash to ascertain the closing cash balance which is reported to the final balance sheet of the company under the head Current Assets.
cash flow from investing activities indicates the inflow and outflow of cash of the business in sale and purchase of investments and assets.
Answer:
The correct answer is b) Actual cash value.
Explanation:
Insurance industry’s ACV is define as "the cost to replace with new property of like kind and quality, less depreciation. Courts have varied in their rulings as to whether or not depreciation includes obsolescence (loss of usefulness as a result of outmoded design, construction, etc.)."