Which of the Following Statements Is Not in Accordance with AASB

question 22

Multiple Choice

Which of the following statements is not in accordance with AASB 107 Statement of Cash Flows?

• A) The statement of cash flows shall report cash flows during the period classified by operating, investing and financing activities.
• B) Investing and financing transactions that do not require the use of cash or cash equivalents shall be excluded from a statement of cash flows.
• C) Investing and financing activities that do not have a direct impact on current cash flows but affect the capital and asset structure of an entity should be included in the statement of cash flows.
• D) Cash flows arising from taxes on income shall be separately disclosed and shall be classified as cash flows from operating activities unless they can be specifically identified with financing and investing activities.

Comprehend the role and minimum points of average total cost (ATC) and average variable cost (AVC) curves in a firm's production decisions.

Identify the condition under which a firm should continue to operate or shut down in the short run based on price and cost analysis.

Understand the role of marginal cost in determining a perfectly competitive firm's short-run supply curve.

Recognize the short-run economic outcomes for a firm in a perfectly competitive market, including earning zero economic profit, making a loss, or earning a profit.

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Definitions:

Neuron

A neuron, which is the fundamental unit of the nervous system, plays a key role in conveying information across the body.

Lactation

The production and secretion of breast milk by mammalian mothers following childbirth, providing nourishment to the newborn.

Oxytocin

is a hormone and neurotransmitter that plays a role in social bonding, reproduction, and the childbirth process.

Prolactin

A hormone primarily responsible for stimulating milk production in breastfeeding women.