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IAS 7 Cash Flows Quiz

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IAS 7 Cash Flows Quiz

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About this activity

Test your IAS 7 cash flow knowledge.

Created by

poa
poa
Pakistan

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IAS 7 Cash Flows Quiz
 

IAS 7 Cash Flows QuizOnline version

Test your IAS 7 cash flow knowledge.

by poa
1

Interest received is always classified as a Financing Activity.

2

Depreciation is a cash outflow and should be subtracted.

3

Dividends paid are always classified as an Operating Activity.

4

The indirect method adjusts profit before tax for non-cash items.

5

Cash equivalents must be readily convertible to a known amount of cash.

6

The direct method is the only method allowed by IAS 7.

7

Cash equivalents are short-term, highly liquid investments.

8

A bank overdraft is always treated as a Financing Activity.

9

Investing activities include the acquisition and disposal of long-term assets.

10

Financing activities change the size or composition of equity and borrowings.

 
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