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:

Historical Materialism

A Marxist theory that posits societal development and changes are primarily driven by material conditions and economic factors.

Material Feminism

Focuses on how material conditions and economic factors impact gender inequality and women's experiences.

Liberal Feminism

A branch of feminism that focuses on achieving gender equality through political and legal reform within the framework of liberal democracy.

Social Institutions

Established systems within a society that structure behavior and interactions according to collective goals and norms, such as family, education, religion, and the economy.