Under IAS 7/AASB 107 How Many of These Items Is

question 63

Multiple Choice

Under IAS 7/AASB 107 how many of these items is required to be disclosed in a note attached to the statement of cash flows?
A reconciliation of cash and cash equivalents with the items reported in the balance sheet.
A reconciliation of net cash from operating activities with profit after income tax.
Details of cash flows from the acquisition and disposal of subsidiaries.

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Product Development

Product development is the complete process of bringing a new product or service to market, from idea conception, through design and manufacturing, to the final release and marketing.

New-Product Strategy Development

The stage of new-product development in which the company determines the direction it will take when it develops a new product.

Marketing Plan

An action-oriented document or playbook that guides the analysis, implementation, and control of the firm’s marketing strategy.

Development Process

A structured series of activities or steps designed to create a new product, service, or system.