[Demo] IAS 7 – Statement of Cash Flows

A statement of cash flows, when used in conjunction with the rest of the financial statements, provides information that enables users to evaluate the __________.

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?

Investments normally qualify as a cash equivalent only when they have a short maturity of __________.

Which of the following is not an example of cash flows from operating activities?