Question Details

Each of the following items may be classified as operating 




1.	Under IFRS, the cash flow statement can be prepared using
a.	the direct method only.
b.	the indirect method only.
c.	either the direct or indirect method.
d.	the T-account method only.

	2.	Under IFRS, bank overdrafts are classified as
a.	operating activities.
b.	investing activities.
c.	financing activities.
d.	cash and cash equivalents.

	3.	Which of the following activities is excluded from the statement of cash flows under IFRS?
a.	Financing activities
b.	Investing activities
c.	Noncash investing and financing activities
d.	Operating activities

	4.	Each of the following items may be classified as operating or financing activities under IFRS except
a.	dividends paid.
b.	dividends received.
c.	interest paid.
d.	All of the above may be classified as such.

	5.	Under IFRS, some companies present which section of the cash flow statement as a single line item?
a.	Operating activities
b.	Investing activities
c.	Financing activities
d.	Noncash investing and financing activities






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