Amy and Her Father Are Playing with a Squeaky Toy

question 79

Multiple Choice

Amy and her father are playing with a squeaky toy. Amy's father is squeezing the toy in front of Amy. Amy is very excited and reaches for the toy. Amy's father, however, quickly hides the toy behind his back. At this point, Amy turns away from her father and begins to look at the ladybug design on her dress. Amy is probably approximately what age?

• A) 1 month
• B) 6 months
• C) 10 months
• D) 15 months

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Definitions:

Investing Activities

Activities concerning the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Non-Current Assets

Long-term assets that are not expected to be converted into cash within one year of the balance sheet date, including property, plant, equipment, and intangible assets.

Gain on Sale

The financial profit realized when the selling price of an asset exceeds its book value or costs at the time of sale.

AASB 107/IAS 7

Accounting standards that set out the requirements for entities to present statements of cash flows, classifying cash flows during the period from operating, investing, and financing activities.