Which of the Following Is Not a Requirement of IAS

question 33

Multiple Choice

Which of the following is not a requirement of IAS 7/AASB 107?

• A) Reporting of gross cash flows rather than net flows.
• B) Provision of a note reconciling gross profit with cash paid for cost of sales.
• C) Provision of comparative figures for the previous year as well as current year figures.
• D) A reconciliation of the net increase or decrease in cash held with the cash items appearing in the statement of financial position.

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Definitions:

Synapse

The junction between two neurons or between a neuron and an effector (muscle or gland).

GABA

Gamma-Aminobutyric Acid (GABA) is a neurotransmitter in the brain that plays a key role in regulating nerve excitability and anxiety.

Sodium Ions

Positively charged ions (Na+) essential for various physiological processes in the body, including nerve impulse transmission and muscle contraction.

Enzyme-Linked Receptors

Transmembrane proteins with a hormone-binding site outside the cell and an enzyme site inside the cell.