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:

Sheltered Workshop

A workplace that provides employment and training for people with disabilities under a protected and supervised environment.

Recycling Center

A facility where materials are collected, sorted, processed, and turned into new products in order to reduce waste and conserve resources.

Employment Center

A facility or service that provides resources, tools, and support for job seekers and employers.

Homeless People

Individuals who lack stable, safe, and adequate housing, which includes those who sleep on the streets, in shelters, or in temporary accommodations.