This question was previously asked in
Shift 11/06/2023 3:30 PM - 6:30 PM
Correct Answer
The tax paid on capital gains by the company is typically shown in the Cash Flow Statement under:
(2) Cash outflow from Investing Activities
Taxes paid on capital gains are considered part of the company's investing activities because they are associated with the acquisition or disposal of assets or investments, which falls under the category of investing activities in the Cash Flow Statement.
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