All of These Are Classified as Operating Items Under AASB

question 10

Multiple Choice

All of these are classified as operating items under AASB 107 'Cash Flow Statements',except:

• A) cash received from sales
• B) cash received from the sale of surplus machinery
• C) cash dividends received
• D) cash payment of expenses

Grasp the process of taking discounts on purchases and their effect on financial accounts.

Differentiate between F.O.B. shipping point and F.O.B. destination.

Calculate and record the effect of freight charges on merchandise purchases.

Explain the role and importance of subsidiary ledgers and control accounts in accounting.

---

Definitions:

Matrix

A rectangular array of numbers organized into rows and columns, used in linear algebra.

System of Linear Equations

A set of equations with multiple variables that are linear, where the goal is to find values for the variables that satisfy all equations simultaneously.

Cramer's Rule

A mathematical theorem used to solve systems of linear equations with the same number of equations as unknowns, using determinants.

System of Linear Equations

A group of one or more linear equations that share a common set of variables.