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:

Imitation

The action of using someone or something as a model and copying their behavior or actions.

Reinforcement

In behavioral psychology, a process that increases the likelihood of a behavior being repeated through positive or negative stimuli.

Novel Sentences

Sentences that are newly created or original, not derived from previously existing sentences or texts, showcasing the creative aspect of human language use.

Proficient

Having advanced skills or expertise in a particular area or field, showing a high level of competence.