Question
Which of the following correctly describes the classification of cash flows in accordance with IAS 7 Statement of cash flows? A. The proceeds from long-term
Which of the following correctly describes the classification of cash flows in accordance with IAS 7 Statement of cash flows?
A. The proceeds from long-term borrowings are classified as investing activities
B. Investing activities may include dividends received
C. The purchase of plant for cash is a financing activity
D. Investing activities may include the repayment of finance leases
Step by Step Solution
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Step: 1
The correct answer is the letter B Investing activities may in...
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
