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| Investments made by a financial enterprise with the purpose to resell after the expiry of three months will come under which of the following activity? |
Financing Activities Cash and Cash Equivalents Operating Activities Investing Activities |
| Operating Activities |
| Investments made by a financial enterprise with the purpose to resell after the expiry of three months: 1) This amount will be qualified as current asset, since it is sold within 12 months. 2) All the cashflows from current assets are recorded as cashflow flow from operating activities 3) Hence, investments made by a financial enterprise with the purpose to resell after the expiry of three months will come under operating activity. |
