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Assertion Depreciation amount is added back to net profit for calculating funds from operation in preparing a funds flow statement. Reason Depreciation is an
Assertion Depreciation amount is added back to net profit for calculating funds from operation in preparing a funds flow statement. Reason Depreciation is an item of expense but not funds. A Both Assertion and Reason are true and Reason is the correct explanation of Assertion B C D Both Assertion and Reason are true and Reason is not the correct explanation of Assertion Assertion is true but Reason is false Assertion is false but Reason is true
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Correct option is A Explanation i In accountancy depreciation refe...
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
