Question : Assertion: A Purchase of fixed assets is an operating activity for Real estate company.
Reason: - sale and purchased of fixed assets is the principal revenue producing activities for a real estate company.

In the context of above two statements, which of the following is correct

Option 1: Assertion A and reason R are correct and reason R is the correct explanation of assertion A.

Option 2: Assertion A and reason R are correct but reason R is not the correct explanation of Assertion a

Option 3: Both assertion A and reason R are not correct

Option 4: Assertion A is correct but the reason R is not correct

Question : Assertion A:- unclaimed dividend does not result in flow of cash
Reason: R It does not effect of the company since there is no payment of cash.

Option 1: Assertion A and reason R are correct and reason R is correct explanation of assertion A

Option 2: Assertion A and reason R are correct but reason R is not the correct explanation of Assertion A

Option 3: Both assertion A and reason R are not correct

Option 4: Assertion A is correct but the reason R is not correct

Question : Assertion A:- unclaimed dividend does not result in flow of cash
Reason: R It does not effect of the company since there is no payment of cash.

Option 1: Assertion A and reason R are correct and reason R is correct explanation of assertion A

Option 2: Assertion A and reason R are correct but reason R is not the correct explanation of Assertion A

Option 3: Both assertion A and reason R are not correct

Option 4: Assertion A is correct but the reason R is not correct

Question : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as :

Assertion (A) : Sale of Fixed Asset is written under Investing Activity.

Reason (R) :  Sale of Fixed asset leads to inflow of Cash.

Option 1: Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Option 2: Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

Option 3: Assertion (A) is true, but Reason (R) is false 

Option 4: Assertion (A) is false, but Reason (R) is true

Question : Assertion: A Purchase of patent is classified as investing activities in case of all enterprises
Reason R :- purchased of patent by finance company is classified under financing activities

In the context of above two statements, which of the following is correct

Option 1: Assertion A and reason R are correct and reason R is correct explanation of assertion A

Option 2: Assertion A and reason R are correct but reason R is not the correct explanation of Assertion a

Option 3: Both assertion A and reason R are not correct

Option 4: Assertion A is correct but the reason R is not correct