Which Assertion Relating to the Statement of Cash Flows Is

question 4

Multiple Choice

Which assertion relating to the statement of cash flows is incorrect?

• A) Cash flows from one activity are not normally offset against cash flows from a different activity.
• B) GST is not included anywhere in the statement of cash flows.
• C) Cash outflows are shown in brackets.
• D) The statement is headed 'for the period ended'.

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Definitions:

Coronary Sinus

A large vein on the heart's posterior that collects deoxygenated blood from the myocardium of the heart and directs it into the right atrium.

Trabeculae Carneae

Muscular ridges and columns found inside the ventricles of the heart, which help strengthen and support its walls.

Pectinate Muscles

Internal ridges of myocardial tissue in the atria of the heart, particularly pronounced in the right atrium.

Chordae Tendineae

Tendinous strands running from the papillary muscles to the atrioventricular valves.