Ann-Marie Started Walking When She Was 10 Months Old; Cynthia

question 24

Multiple Choice

Ann-Marie started walking when she was 10 months old; Cynthia is just beginning to take steps by herself at 13 months. Which conclusion is true?

• A) Ann-Marie is very intelligent.
• B) Cynthia is malnourished.
• C) Cynthia is mentally handicapped.
• D) Both girls are developing normally.

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Definitions:

Investing Cash Flow

Cash inflows and outflows related to transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

AASB 107

An Australian accounting standard that specifies how the movements in cash and cash equivalents should be presented in the statement of cash flows.

Direct Method

A way to present the cash flow statement, showing actual cash flows from operating activities instead of adjusting net income for accruals.

Operating Activities

The principal revenue-producing activities of an entity and other activities that are not investing or financing activities.