Operating Expenses Would Include

question 100

Multiple Choice

Operating expenses would include

• A) cost of goods sold
• B) material but nonextraordinary gains
• C) selling expenses
• D) dividend revenue

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Definitions:

Parent's Cash Flows

The cash inflows and outflows directly associated with the primary operating entity in a group of companies or conglomerate.

AASB 121

Refers to the Australian Accounting Standards Board provision dealing with the effects of changes in foreign exchange rates.

Exchange Differences

Variance arising from translating foreign currency transactions or foreign operations into the reporting currency.

Presentation Currency

The form of money used to express the financial records of a company.