In Accordance with IAS 7,what Is the Appropriate Classification for the Conversion

question 31

Multiple Choice

In accordance with IAS 7,what is the appropriate classification for the conversion of preference shares to ordinary shares?

• A)inflow in investing activity
• B)inflow in financing activity
• C)non-cash investing item
• D)non-cash financing item

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean.

Standard Error

A measure that quantifies the variation or dispersion of a sample mean from the population mean.

Population Proportion

The fraction or percentage of a population that possesses a certain property or characteristic.

Control Chart

A statistical tool used in quality control processes to monitor, control, and ascertain the stability of a process.