The IFRS Categories of Cash Flows Are

question 21

Multiple Choice

The IFRS categories of cash flows are

• A)long-term changes and short-term changes
• B)operating and other
• C)operating, investing, and financing
• D)operating and nonoperating

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Definitions:

Rival

An entity competing against another for the same objective or for superiority in the same field of activity.

Excludable

A feature of a product or service enabling its owner to exclude others from usage unless payment is received.

Property Rights

The legal rights to possess, use, and dispose of assets, including property and intellectual property.

Allocate Resources

The process of assigning available assets, time, and effort to various tasks or purposes in order to achieve specific goals.