Which of the Following Is True About the IASB Standards

question 3

Multiple Choice

Which of the following is true about the IASB standards on statement of cash flows?

• A)Cash flow statements are not required under the IASB standards.
• B)Operating cash flows must be determined using the "direct method only."
• C)Operating cash flows may be combined with financing cash flows.
• D)IAS 7 requires essentially the same information in the statement of cash flows as U.S.GAAP.

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Definitions:

Exploratory

Referring to analysis or methodologies aimed at discovering insights, patterns, or relationships in data without having a specific hypothesis in mind.

Outcome Variable

Another term for a dependent variable, emphasizing its role as the output or result in an experimental setting.

Regression Analysis

A statistical approach used to model and analyze the relationship between a dependent (target) variable and one or more independent variables.

Dependent Variable

The variable that is measured in an experiment and expected to change as a result of changes in the independent variable.