IAS 7/AASB 107 Defines Activities That Relate to Changes in the Size

question 38

Multiple Choice

IAS 7/AASB 107 defines activities that relate to changes in the size and composition of the financial structure of an entity as:

• A) borrowing activities.
• B) investing activities.
• C) financing activities.
• D) equity activities.

---

Definitions:

Pasteurization

A process of heating food, especially liquids, to a specific temperature for a predefined length of time to kill microorganisms that cause spoilage or disease.

Vaccines

Biological preparations that provide immunity to specific diseases by stimulating the body’s defense mechanisms.

Silkworm Disease

A condition or illness that affects silkworms, potentially impacting silk production.

Gift

Something given voluntarily to another person without the expectation of payment or anything in return.