A Cash Flow Statement Shows $17,000 from Operations, ($8900)from Investing

question 147

Multiple Choice

A cash flow statement shows $17,000 from operations, ($8900) from investing, and $25,000 from financing. The cash balance must have increased or decreased by

• A)$33,100.
• B)$16,100.
• C)$50,900.
• D)$42,000.

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Definitions:

Available-for-sale

A classification of financial assets indicating they can be sold in the future, not held to maturity or for trading immediately.

Derecognition

The removal of an asset or liability from a company's balance sheet when it is no longer controlled or owes it.

Financial Assets

Assets that are cash, an equity instrument of another entity, a contractual right to receive cash or another financial asset, or a contract that will or may be settled in the entity's own equity instruments.

AASB 101

The Australian Accounting Standards Board statement that outlines the presentation of financial statements.