Like US GAAP, International Standards Also Require a Statement of Cash

question 96

Multiple Choice

Like U.S. GAAP, international standards also require a statement of cash flows. Consistent with U.S GAAP, cash flows are classified as operating, investing, or financing activities. However, with regard to interest and dividend inflows and outflows, the international standard for cash flow statements:

• A)Allows companies to report cash outflows from interest payments as either operating or investing cash flows.
• B)Allows companies to report cash inflows from interest and dividends as either operating or investing cash flows.
• C)Allows companies to report dividends paid as either investing or operating cash flows.
• D)Designates cash outflows for interest payments and cash inflows from interest and dividends received as operating cash flows.

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Definitions:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, such as coronary artery disease, arrhythmias, and heart valve problems.

Overweight

A state identified by possessing excess body fat beyond what is considered healthy, commonly assessed using the body mass index (BMI).

Mortality

The state of being subject to death or the death rate within a population.

Extreme Obesity

A condition characterized by an excessively high body mass index (BMI), typically significantly above 40.