Question
Autumn Company uses IFRS to prepare its external financial reporting. During 2018, Autumn Company had the following transactions related to cash flows: Dividends received 16,000
Autumn Company uses IFRS to prepare its external financial reporting. During 2018, Autumn Company had the following transactions related to cash flows:
| Dividends received | 16,000 | |||
| Interest paid | 20,000 | |||
| Interest received | 42,000 | |||
With regard to the above information, which of the following is an acceptable classification as part of preparation of the statement of cash flows?
| Cash from operating activities | Cash from/(used by)investing activities | |
| A. | $0 | $42,000 |
| B. | $58,000 | ($20,000) |
| C. | $0 | $38,000 |
| D. | ($20,000) | $58,000 |
Multiple Choice
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Option A.
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Option B.
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Option C.
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Option D.
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ISE Managerial Accounting For Manager
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
1265118434, 9781265118433
