Q.

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» A. cash used (payment) in investing activities ₹8,000
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