Which of these is NOT a problem associated with drawing up a statement of cash flows?
A) The choice of category for interest and dividends
B) The historical nature of the statement of cash flows
C) The arbitrary three- month cut off for cash equivalents
D) The potential for confusion between indirect and direct cash flow statements
Correct Answer:
Verified
Q1: To increase the cohesiveness of financial statements
Q2: The definition of cash equivalents in IAS
Q3: Which of these best describes the direct
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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