Which of the Following Is a Difference Between IAS No

question 6

Multiple Choice

Which of the following is a difference between IAS No.7 and SFAS No.95 FASB ASC 230) ?

• A)IAS No.7 requires the use of the direct method
• B)IAS No.7 required the use of the indirect method
• C)IAS No 7 requires the use of the all financial resources concept of funds
• D)IAS No.7 requires extraordinary items be disclosed separately as operating,investing,or financing activities

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Definitions:

Consumer Demand

The desire and ability of consumers to purchase goods and services at certain prices over a specific period of time.

Quick Response

A strategy aimed at reducing lead times across the supply chain to meet customer demand more efficiently.

On-Call Labour

A workforce management strategy where employees are called to work as needed, rather than having a fixed schedule.

Specialized Processes

Unique or highly specific operations developed to achieve particular objectives in manufacturing, service delivery, or technology, often requiring specialized skills or equipment.