Which of the Following Is Not Correct

question 47

Multiple Choice

Which of the following is not correct?

• A)The payment of stock dividends would be recorded in the cash flow statement.
• B)Activities that do not involve cash are recorded in the cash flow statement.
• C)The direct method of presentation for the cash flow statement can be used under ASPE.
• D)The indirect method of presentation for the cash flow statement can be used under IFRS.

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Definitions:

Mixed Numbers

Numbers consisting of an integer and a proper fraction.

Lowest Terms

The form of a fraction when the numerator and denominator are reduced to their smallest possible numbers.

Mixed Numbers

A combination of a whole number and a fraction used to represent quantities that are greater than whole numbers but less than the next whole number.

Lowest Terms

The simplest form of a fraction, where the numerator and denominator are reduced to their smallest values without changing the value of the fraction.