What Is a Rationale for Preparing a Statement of Cash

question 22

Multiple Choice

What is a rationale for preparing a statement of cash flows,according to AASB 107?

• A) Assessing the ability of an entity to generate cash and cash equivalents
• B) Needs of the entity to utilise cash flows
• C) Both A and B are rationales for preparing a statement of cash flows
• D) Neither A nor B is considered a rationale related to the statement of cash flows

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Definitions:

Middle Class

A social group between the upper and working classes, including professionals, business people, and others with moderate to high income levels and often associated with education and white-collar jobs.

Sexually Repressed

Describes individuals or societies that suppress sexual desires and expressions due to cultural, moral, or psychological reasons or restrictions.

Established Order

The existing, often longstanding social, political, or religious system or structures in a society.