Question
Classify where each of the following items would appear on a cash flow statement under IFRS using the indirect method. Loss on sale ofequipment: A.
Classify where each of the following items would appear on a cash flow statement under IFRS using the indirect method.
Loss on sale ofequipment:
A.
Investing
B.
Does not appear on the statement of cash flow
C.
Non-Cash Investing and Financing Schedule
D.
Operating
E.
Financing
Cost of GoodsSold:
A.
Investing
B.
Financing
C.
Does not appear on the statement of cash flow
D.
Operating
E.
Non-Cash Investing and Financing Schedule
Depreciation onequipment:
A.
Non-Cash Investing and Financing Schedule
B.
Does not appear on the statement of cash flow
C.
Operating
D.
Investing
E.
Financing
Netincome:
A.
Investing
B.
Financing
C.
Non-Cash Investing and Financing Schedule
D.
Does not appear on the statement of cash flow
E.
Operating
Borrowing money on a3-month loan:
A.
Financing
B.
Non-Cash Investing and Financing Schedule
C.
Operating
D.
Investing
E.
Does not appear on the statement of cash flow
Borrowing money on a5-year loan:
A.
Investing
B.
Operating
C.
Financing
D.
Non-Cash Investing and Financing Schedule
E.
Does not appear on the statement of cash flow
Issuance of common shares for purchase ofbuilding:
A.
Does not appear on the statement of cash flow
B.
Investing
C.
Operating
D.
Non-Cash Investing and Financing Schedule
E.
Financing
Sale ofbuilding:
A.
Operating
B.
Financing
C.
Investing
D.
Does not appear on the statement of cash flow
E.
Non-Cash Investing and Financing Schedule
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