Unlike GAAP, IFRS Encourage the Disclosure of All of the Following

question 25

Multiple Choice

Unlike GAAP, IFRS encourage the disclosure of all of the following except

• A)reconciliation of net income to operating cash flows when the direct method is used in the cash flow statement
• B)undrawn borrowing capacity available for operating activities
• C)separation of cash flows that increase operating capacity from those that maintain operating capacity
• D)operating, investing, and financing activities by segment

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Definitions:

Cochlea

A snail-shaped, fluid-filled organ in the inner ear, containing the organ of Corti, where the receptors for hearing are located.

Middle Ear

The part of the ear between the eardrum and the oval window that amplifies sound waves and transmits them to the inner ear.

Sensory Adaptation

The reduction or disappearance of sensory responsiveness when stimulation is unchanging or repetitious.

Odor

A distinctive smell, especially an unpleasant one, perceived by the olfactory senses.