Which of the following statements is correct in accordance with AASB 107 "Cash Flow Statements"??
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.
E) Conversion from debt to equity is classified under operating activities.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct in accordance with AASB 107 "Cash Flow Statements"??
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.
E) Conversion from debt to equity is classified under operating activities.

Which of the Following Statements Is Correct in Accordance with AASB