d Tangibility Unanswered a Save 09 The statement concerning the concept of cash adopted by IAS 7/AASB 107 Statement of Cash Flows that is incorrect is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Transfers between items included in the definition of cash and cash equivalents are not reported in the statement of cash a flows b As a general rule liquid investments with a term of three month or less, with insignificant risk of changes in value, fall within the definition of cash or cash equivalents Accounts receivable are generally included in the definition of cash and cash equivalents d Depending on the conditions that apply, a bank overdraft may be treated as a financing activity Unanswered 010 aluare generally included in the definition of cash and cash equivalents d Depending on the conditions that apply, a bank overdraft may be treated as a financing activity Unanswered Save Q10 The statement concerning the treatment of the purchase and sale of non-current assets in a statement of cash flows that is incorrect is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The carrying value of a non-current asset that has been sold is treated as an investing outflow b The proceeds of sale from a non-current asset are treated as an investing inflow The cash purchase of a non-current asset is treated as an investing outflow d Inflows and outflows for the purchase and sale of non-current assets must not be netted off against each other Unanswered Questions (25 marks in total)