The Accounting Standard Dealing with the Statement of Cash Flows

question 52

Multiple Choice

The accounting standard dealing with the statement of cash flows is:

• A) IAS 7/AASB 107.
• B) IAS 1/AASB 1001.
• C) IAS/19/AASB 1019.
• D) IAS 18/AASB 118.

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Definitions:

Planning Budget

A budget created for a particular level of activity, it helps in setting goals and objectives for future financial plans.

Containers Refurbished

The process of cleaning, repairing, and restoring containers to a like-new condition for reuse or resale.

Employee Salaries And Wages

Compensation paid to employees for their labor or services, typically expressed as a periodic payment such as hourly, weekly, or monthly.

Containers Refurbished

Used or old containers that have been restored or repaired to a usable condition.