Under IFRS, a Proposed Recommendation Will Require That Cash Equivalents

question 92

True/False

Under IFRS, a proposed recommendation will require that cash equivalents not be included with cash on the statement of cash flows.

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Definitions:

Dividends

Money given out to shareholders by a business, often coming from the profits made by the company.

Consolidated Financial Statements

Combined financial statements of a parent company and its subsidiaries, presenting the financial results as if the group were a single entity.

Investee

A party or entity in which an investor holds an interest, often through ownership of securities.

Common Stock

Equity ownership in a corporation, with rights to share in its profits and vote in company decisions.