Which of the Following Statements Concerning the Statement of Cash

question 122

Multiple Choice

Which of the following statements concerning the statement of cash flows is true?

• A) When pension expense exceeds cash funding, the difference is deducted from investing activities on the statement of cash flows.
• B) IFRS requires companies to classify all income taxes paid as operating cash outflows.
• C) Companies may report the cash flows from purchases and sales of trading investments as cash flows from operating activities.
• D) Under IFRS, the purchase of land by issuing common shares will be shown as a cash outflow under investing activities and a cash inflow under financing activities.

---

Definitions:

Psychological Tests

Standardized measures used to evaluate mental health, cognitive abilities, and personality traits.

Exceptionally Reliable

Describes something consistently good in quality or performance, able to be trusted.

Intellectually Disabled

A term used to describe individuals with significant limitations in intellectual functioning and adaptive behavior.

IQ

A measure of a person's cognitive abilities in relation to their age group.