Which of the following statements is correct in accordance with IAS 7 Statement of Cash Flows?
A)Cash repayments of amounts borrowed are classified under financing activities.
B)Cash proceeds from issuing equity instruments are classified under financing activities.
C)Cash payments to acquire property, plant and equipment are classified under investing activities.
D)Cash advances and loans made to other parties are classified under investing activities.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct in accordance with IAS 7 Statement of Cash Flows?
A)Cash repayments of amounts borrowed are classified under financing activities.
B)Cash proceeds from issuing equity instruments are classified under financing activities.
C)Cash payments to acquire property, plant and equipment are classified under investing activities.
D)Cash advances and loans made to other parties are classified under investing activities.

Which of the Following Statements Is Correct in Accordance with IAS