XZY International reports its cash flows in three categories. What should those categories be? a. Operating, Investing and Financing activities b. Operating, Revenue, and Expensing activities c. Investing, Liabilities and Equity activities d. Operations, Liabilities and Equity activities 5. Under IFRS, the cash from operations must be reported using which of the flowing methods: a. Direct method only b. Either the indirect or direct method c. Indirect method only d. Working capital method XYZ International received $60,000 interest on its investment in Pearson Bonds. The bonds were classified as available for sale. Under IFRS, how should this $60,000 be reported the cash flow statement? a. Operating activities b. Financing activities c. Either operating or investing activities d. Either investing or financing activities Smithfield International paid dividends of $200,000 to its shareholders in year 2. How should this dividend payment be reported on Smithfield's statement of cash flows? a. Operating activities b. Financing activities c. Either investing or financing activities d. Either operating or financing activities 1. Pearman International exchanges 10,000 shares of common stock for equipment valued at $80,000. How should this transaction be reported on the statement of cash flows under IFRS? a. Financing activity b. In the notes to the financial statement c. Investing activity d. Both investing and financing activity Garland Johnson, President of Guilford International thinks that cash flows per share is an important numbers and asked if it is possible to present this number in the financial statements? a. Permissible under GAAP b. Permissible under IFRS c. Permissible under both IFRS and US GAAP d. Not permissible