select the incorrect statement from the option given below 1. depreciation reduces tax liability, hence it is source of fund, 2. decrease in current liability during the year result in a n increase in working capital, 3. the term cash equivalents include short term marketable investments. 4. conversion of debenture into equity shares appear in fund flow statement, 5. only non cash expenses are added to net profit to find out funds from operation

Disclaimer
All academic material provided in this website by way of quiz or otherwise is derived from various sources, reference of which is given below. The objective is to provide such information or exercises is purely for academic purpose. MPPL is not the creator of such information since they are derived from the statutes, laws, rules, regulations, notifications or circulars issued by the government authorities or judgments of courts of law under relevant laws. While MPPL is only collating such information, it does not claim any exclusive copyright thereon except the manner in which it is being presented. The user understands that some situational questions can have different views and opinions which may not necessarily match with what the answer keys provide. MPPL does not vouch for or guarantee the accuracy or dependability of the answer key. Nor shall it be liable for any suits, prosecution, proceedings, actions, damages based on the academic information provided here. The responsibility to cross-check and verify the veracity of the information provided here rests upon the user and visitor of the website.

MPPL has taken all reasonable precautions for not violating anyone else’s copyright or intellectual property right and believes. However, in case someone still feels that any of the content provided here was subject to their copyright, such person is requested to get in touch with MPPL on its email id a pratima@mangalamjobs.com and necessary remedial measures can be undertaken without prejudice to MPPL.