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- IAS 7 – Statement of Cash Flows 0%
Question 1 of 4
A statement of cash flows, when used in conjunction with the rest of the financial statements, provides information that enables users to evaluate the __________.CorrectIncorrect
Question 2 of 4
Rado Inc. reported cost of goods sold of €550,000 in its most recent financial statements.
The following changes also occurred during the period:
Inventory increase €120,000
Accounts payable decrease 30,000
The company prepares its statement of cash flows using the direct method. How much should it report as cash paid to suppliers?CorrectIncorrect
Question 3 of 4
Investments normally qualify as a cash equivalent only when they have a short maturity of __________.CorrectIncorrect
Question 4 of 4
Which of the following is not an example of cash flows from operating activities?CorrectIncorrect