According to AASB 107 Statement of Cash Flows, Which of the Following

question 20

Multiple Choice

According to AASB 107 Statement of Cash Flows, which of the following items does NOT fall within the definition of cash?

• A) Bank notes and coins
• B) Non-bank bills that are readily convertible to cash
• C) Deposits on the short-term money market with a term of less than 3 months
• D) Accounts receivable

---

Definitions:

Abolishing Slavery

The act of legally and officially ending slavery, notably through legislative measures like the 13th Amendment to the U.S. Constitution in 1865.

Individualism

A theory advocating for individual autonomy and choice over the constraints imposed by group or governmental authority.

Market Revolution

A dramatic increase in the exchange of goods and services in market transactions, marked the transformation of the American economy from predominantly agrarian to a more industrial and commercial system in the 19th century.

Sovereign Individuals

Individuals who believe they have the ultimate authority over themselves and their property, often advocating for minimal or no governmental control or interference.