Which of the Following Statements Concerning the Statement of Cash

question 345

Multiple Choice

Which of the following statements concerning the statement of cash flows is true?

• A)When pension expense exceeds cash funding,the difference is deducted from investing activities on the statement of cash flows.
• B)IFRS requires companies to classify all income taxes paid as operating cash outflows.
• C)Companies may report the cash flows from purchases and sales of trading investments as cash flows from operating activities.
• D)Under IFRS,the purchase of land by issuing ordinary shares will be shown as a cash outflow under investing activities and a cash inflow under financing activities.

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