Under IFRS,the Smallest Identifiable Group of Assets That Provides Cash

question 102

Multiple Choice

Under IFRS,the smallest identifiable group of assets that provides cash inflows is called a ________.

• A)reporting unit
• B)operating unit
• C)cash-providing unit
• D)cash-generating unit

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Definitions:

Sales On Account

Transactions where goods or services are provided to a customer with an agreement to pay later.

Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health.

Financial Data

Financial data encompasses quantitative information about a business's financial position, performance, and cash flows, typically found in financial statements.

Sales On Account

Transactions where revenue is recorded when a sale is made but the cash is collected at a later date.