Which of the Following Is False with Regard to IFRS

question 67

Multiple Choice

Which of the following is false with regard to IFRS and the statement of cash flows?

• A) The IASB is strongly in favor of requiring use of the direct method for operating activities.
• B) In certain circumstances under IFRS, bank overdrafts are considered part of cash and cash equivalents.
• C) IFRS requires that noncash investing and financing activities be excluded from the statement of cash flows.
• D) All of the above statements are false with regard to IFRS and the statement of cash flows.

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Definitions:

Fertility

The natural capability to produce offspring.

Genomic Imprinting

A genetic phenomenon by which certain genes are expressed in a parent-of-origin-specific manner, meaning some genes are only active when inherited from either the mother or the father.

Placenta

An organ that develops in female mammals during pregnancy, providing oxygen and nutrients to the fetus while removing waste products.

Nutrients Diversion

The process where nutrients are redirected from one part of an organism to another, often to support growth, reproduction, or survival under stress.