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 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

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

Question : Assertion: A purchase of furniture on credit will not result in flow of cash or cash equivalents
Reason R: - purchased of furniture on credit will not involve cash.

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

Question : Assertion: A purchase of furniture on credit will not result in flow of cash or cash equivalents
Reason R: - purchased of furniture on credit will not involve cash.

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