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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