Which of these best describes the direct method of determining cash flows from operating activities?
A) Determination from adjusting net profit for non- cash receipts and payments
B) Determination from the comprehensive statement of income
C) Determination from the statement of financial position
D) Determination from cash receipts and payments
Correct Answer:
Verified
Q1: To increase the cohesiveness of financial statements
Q2: The definition of cash equivalents in IAS
Q4: Which of these is NOT a problem
Q5: Cash flow and funds flow statements both
Q6: The IASB views cash flow reporting as
Q7: The UK ASB and IAS 7 both
Q8: Why do cash flow statements provide a
Q9: Cash flow statements can deal with non-
Q10: How does IAS 7 require cash flows
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