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Question No. 11-14 11. What would be the value of Cash Flow from Operating Activities? (A) ` 1,29,500 (B) ` 1,54,500 (C) ` 1,45,300 (D) ` 4,04,000 12. What would be the value of Cash Flow from Investing Activities? (A) ` 54,300 (B) ` 1,04,300 (C) ` 29,300 (D) ` (500) 13. What would be the value of Cash Flow from Financing Activities? (A) ` (50,000) (B) ` (1,35,600) (C) ` 54,300 (D) ` (1,60,600) 14. Which of the following would be considered as a 'Cash Flow item from an Investing Activities? (A) Underwriting Commission (B) Trade Commission (C) Purchase of Goodwill (D) Interest on Long Term Borrowings ADVANCED ACCOUNTING 15. Glow Limited had taken a loan of ` 5,00,000 in June, 2023. The loan is to be repaid in 10 half yearly equal installments starting from December, 2023. Determine how the remaining loan will be classified in the Balance Sheet as on 31st March, 2024 as per Schedule III of the Companies Act, 2013? (A) ` 3,50,000 is to be shown under the head 'Long term borrowings and ` 1,00,000 is to be shown under the head 'Short term borrowings" (B) ` 3,50,000 is to be shown under the head 'Long term borrowings and ` 75,000 is to be shown under the head "Short term borrowings" and ` 25,000 is to be shown under the head 'Other Current liabilities." (C) ` 4,50,000 is to be shown under the head 'Long term borrowings" (D) ` 3,50,000 is to be shown under the head 'Long term borrowings' and ` 1,00,000 is to be shown under the head 'Other Current liabilities."

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Detailed Solution & Explanation

The following is the official answer key for the Multiple Choice Questions (MCQs) of Part I of the January 2025 Advanced Accounting paper:

| MCQ No. | Correct Option |
|---|---|
| 1 | D |
| 2 | A |
| 3 | C |
| 4 | No Correct Option |
| 5 | C |
| 6 | B |
| 7 | C |
| 8 | B |
| 9 | A |
| 10 | C |
| 11 | B |
| 12 | A |
| 13 | D |
| 14 | C |
| 15 | A |

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