Which of the Following Statements Is Not in Accordance with AASB

question 32

Multiple Choice

Which of the following statements is not in accordance with AASB 107 "Cash Flow Statements"?

• A) The cash flow statement shall report cash flows during the period classified by operating, investing and financing activities.
• B) Investing and financing transactions that do not require the use of cash or cash equivalents shall be excluded from a cash flow statement.
• C) Investing and financing activities that do not have a direct impact on current cash flows but affect the capital and asset structure of an entity should be included in the cash flow statement.
• D) An entity shall disclose the components of cash and cash equivalents and shall present a reconciliation of the amounts in its cash flow statement with the equivalent items reported in the balance sheet.
• E) Cash flows arising from taxes on income shall be separately disclosed and shall be classified as cash flows from operating activities unless they can be specifically identified with financing and investing activities.

Grasp the concept of the marginal rate of transformation and how it relates to the PPF slope.

Understand the various ways an agency relationship can be created and recognized under the law.

Identify the differences between an agent and an employee and the legal implications thereof.

Analyze situations to determine when a principal is or is not bound by the actions of an agent.

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Definitions:

Ecologists

Scientists who study the relationships among living organisms and their interactions with their natural and built environments.

Field Data

Information or observations collected directly from the environment or in the context of where phenomena naturally occur.

Earth's Ecosystems

Varied and complex communities of living organisms interacting with each other and their non-living environments across the Earth.

Earth Layers

The division of the Earth's interior into distinct layers, including the crust, mantle, and core, each with its unique properties and composition.