A Reconciliation Between the Operating Profit After Tax and the Net

question 15

Multiple Choice

A reconciliation between the operating profit after tax and the net cash flow from operating activities:

• A) highlights changes in the working capital accounts from one year to the next.
• B) reinforces the link between the cash received from operating activities and the reported profit or loss for the period.
• C) shows the differences in accrual transactions and cash flow.
• D) all the above options are correct.

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Definitions:

Special Benefits

Privileges or advantages provided to individuals or groups under specific conditions or circumstances.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values.

Festinger And Carlsmith

Festinger and Carlsmith refer to the researchers involved in a classic 1959 psychological experiment demonstrating cognitive dissonance, where individuals experienced discomfort resulting from holding conflicting beliefs.

Ethical Person

An individual who consistently displays honesty, fairness, and consideration for others in their decisions and behaviors.