1. In order to make adequate disclosure of related party transactions, companies should report the legal form, rather than the economic substance, of these transactions.
1. In order to make adequate disclosure of related party transactions, companies should report the legal form, rather than the economic substance, of these transactions.
True
False
2. The first step in the preparation of the statement of cash flows is to determine the net cash flow from operating activities.
True
False
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Authors: Lee Cheng Few
1st Edition
9812706283, 9789812706287
