Question
1) Operating activities are A - the principal revenue producing activities of the entity and other activities that are not investing or financing activities. B-
1) Operating activities are
A - the principal revenue producing activities of the entity and other activities that are not investing or financing activities.
B- the minor revenue activities of the entity and other activities that are not interest or financing activities.
C - the principal cash flow activities of the entity and other activities that are not investing or financing activities.
2) Repayment of the loan is an example of ____.
A - Operating activities
B - Investing activities
C - Financing activities
3) What is the definition of "Sole Trader"?
A - This type of entity is a separate legal entity. It does not have to comply with IFRS. It is the largest and least complex of the entities.
B- This type of entity is not a separate legal entity. It does have to comply with IFRS. It is the smallest and least complex of the entities.
C- This type of entity is not a separate legal entity. It does not have to comply with IFRS. It is the smallest and least complex of the entities.
D - This type of entity is not a separate legal entity. It does not have to comply with IFRS. It is the smallest and most complex of the entities.
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