The following are cash flow transactions for Mungo PlC: $\begin{array}{|l|l|}
\hline \text { I } & \text { Changes in inventories } \
\hline \text { II } & \text { Changes in operating receivables } \
\hline \text { III } & \text { Non-cash items } \
\hline \text { IV } & \text { Changes in operating payables } \
\hline \text { V } & \text { Purchase of property plant and equipment } \
\hline \text { VI } & \text { Issue of ordinary shares }\\hline
\end{array}$ Which of the following combinations includes all of the transactions that will determine cash flows from operating activities of Mungo Plc that are in accordance with IAS 7 Statement of Cash Flows?
A)I, II, III, IV and V
B)I, II, III, IV and VI
C)I, II, III and IV
D)I, II and III

Question

Quizplus · Accepted Answer

Changes in inventories, operating receivables, and operating payables are part of operating activities. Non-cash items are adjusted in operating cash flows.

The Following Are Cash Flow Transactions for Mungo PlC Which of the Following Combinations Includes All of the Transactions