In Preparing a Statement of Cash Flows

question 1

Multiple Choice

In preparing a statement of cash flows,

• A) an increase in the Common Shares account during a period would be classified as an investing activity.
• B) the issue of debt should be reported separately from the retirement of debt.
• C) the net movement of loans and repayments are reported as a financing activity.
• D) the issue of shares to acquire land are reported as financing and investing, respectively.