Which of the following is correct? (a) Under IFRS, the statement of cash flows is optional. (b)
Question:
Which of the following is correct?
(a) Under IFRS, the statement of cash flows is optional.
(b) IFRS requires use of the direct approach in preparing the statement of cash flows.
(c) The majority of companies following GAAP and the majority following IFRS employ the indirect approach to the statement of cash flows.
(d) Cash and cash equivalents are reported as separate line items under IFRS.
IFRS Exercises
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
1+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting
ISBN: 9780470929384
8th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
Question Posted:
