According to AASB's Interpretation 1031, How Many of These Statements

question 61

Multiple Choice

According to AASB's Interpretation 1031, how many of these statements relating to the treatment of GST in the statement of cash flows are true?
All GST outlays and GST collections are regarded as effecting operating activities.
Cash flows from operating activities are reported at gross amounts inclusive of GST.
Cash flows from investing activities are shown net of GST, with GST on investing activities included as part of operating activities.

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Women

Female human beings, distinguished biologically by reproductive functions that can include giving birth.

1960s

A decade marked by significant social, political, and cultural change worldwide, including movements for civil rights and against the Vietnam War in the United States.

Technological Progress

Innovations and improvements in technology that can lead to more efficient production methods and economic growth.

Factor of Production

Inputs used in the production of goods or services to make an economic profit, including land, labor, capital, and entrepreneurship.