Question : In which category 'Rent received' be classified while preparing the Cash Flow Statement in the case of a Non-Real Estate Agent?
Option 1: Operating Activities
Option 2: Investing Activities
Option 3: Financing Activities
Option 4: None of the above
Correct Answer: Investing Activities
Solution : Answer = Investing Activities
Rent received would be classified as an operating activity while preparing the Cash Flow Statement for a non-real estate agent. This is because it represents income generated from the primary operations of the business, which falls under operating activities.
Hence, the correct option is 2.