Which of the Following Statements Is Correct in Accordance with AASB

question 47

Multiple Choice

Which of the following statements is correct in accordance with AASB 107 Statement of Cash Flows?

• A) Cash repayments of amounts borrowed are classified under financing activities.
• B) Cash proceeds from issuing equity instruments are classified under financing activities.
• C) Cash payments to acquire property, plant and equipment are classified under investing activities.
• D) Cash advances and loans made to other parties are classified under investing activities.

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Definitions:

Cash Bonuses

Monetary rewards given to employees as incentives for achieving specific performance goals or milestones.

Senior Executive Ranks

The highest levels of management within an organization, typically responsible for strategic planning and decision-making.

Lower Ranks

Positions at the bottom or near the bottom of an organizational or hierarchical structure, often with fewer responsibilities and authority.

Non-Exempt Levels

Employment positions not covered by the Fair Labor Standards Act's overtime provisions, typically paid hourly.