Under IAS 7/AASB 107 Which of These Needs to Be

question 1

Multiple Choice

Under IAS 7/AASB 107 which of these needs to be disclosed in the notes attached to the statement of cash flows?

• A) Standby credit arrangements
• B) The closing bank balance
• C) The opening bank balance
• D) Proceeds from a share issue

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Definitions:

Dividend

A portion of a company's earnings that is paid to shareholders or investors as a distribution of profits.

Subjective Criteria

Criteria based on personal opinions or feelings rather than on external evidence or standards.

Integrative Negotiations

A negotiation strategy focused on collaboration and finding mutually beneficial solutions for all parties involved.

Mutual Gains

Situations or agreements where all parties involved benefit or achieve positive outcomes, often used in negotiations or conflict resolution.