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Explain the requirements of AASB 101 as they relate to the presentation and disclosure of equity.
Operating Activities
Transactions and events related to the primary operations of a business, including revenue and expense activities.
Accounts Receivable
Funds that clients or customers are required to pay to a business for products or services delivered on credit.
Sales Revenues
The income received by a company from its sales of goods or services before any expenses are subtracted.
Accounts Payable
An account representing short-term liabilities to suppliers or creditors for goods and services received but not yet paid for.
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