In Accordance with IAS 7 Statement of Cash Flows,cash Payments

question 18

True/False

In accordance with IAS 7 Statement of Cash Flows,cash payments to suppliers for goods and services are classified as cash flows from operating activities.

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Definitions:

Interest Expense

The cost incurred by a company for borrowed funds, shown as an expense on the income statement.

Dividend Payments

The distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Other Items

A general term referring to transactions or events that do not neatly fit into the main categories of a financial statement but may still impact the financial health of a business.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, ending with the net income or loss for that period.