Under IAS 7/AASB 107 How Many of These Items Is

question 14

Multiple Choice

Under IAS 7/AASB 107 how many of these items is required to be disclosed in a note attached to the statement of cash flows?
.A reconciliation of cash and cash equivalents with the items reported in the balance sheet
.A reconciliation of net cash from operating activities with profit after income tax
.Details of cash flows from the acquisition and disposal of subsidiaries

• A)0
• B)1
• C)2
• D)3

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Definitions:

Familism

A cultural value that emphasizes the importance of family ties, loyalty, and unity over individual needs.

Patriarchy

A social system where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Brotherhood

A relationship between brothers or a bond among men or a group of people who share common goals, interests, or experiences.

Camaraderie

A spirit of friendly good-fellowship and mutual trust among people who spend a lot of time together.