In accordance with IAS 7 Statement of Cash Flows,cash receipts from sales of property,plant and equipment are classified as cash flows from operating activities.

Name: In accordance with IAS 7 Statement of Cash Flows,cash receipts from sales of property,plant and equipment are classified as cash flows from operating activities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash receipts from sales of property, plant, and equipment are classified as cash flows from investing activities according to IAS 7.

In Accordance with IAS 7 Statement of Cash Flows,cash Receipts