Answer: A lower net operating cash flow compared to internally developing the intangible asset.

**Explanation:** Acquiring an intangible asset is classified as an investing activity, whereas internally developing an intangible asset can involve both operating and investing activities. Under IFRS, costs associated with acquiring intangible assets are recorded as investing cash outflows. In contrast, expenditures during the research phase of internal development must be expensed, leading to higher operating cash outflows. Therefore, acquiring an intangible asset results in lower operating cash outflows compared to internal development, which incurs additional operating expenses during the research phase. This makes option A the correct answer.

Author: LeetQuiz Editorial Team