Which of the following is not required in respect of the cash flow statement?
A)separately reported cash flows from investing activities
B)cash flow relating to income tax
C)the policies by which the entity decides what are cash and cash-equivalent items
D)the proportion of sales that are not on credit

Question

Quizplus · Accepted Answer

The proportion of sales that are not on credit is not relevant to the cash flow statement. The cash flow statement only reports cash inflows and outflows, and does not include non-cash transactions such as sales made on credit. Separately reported cash flows from investing activities, cash flow relating to income tax, and policies for identifying cash and cash-equivalent items are all required components of the cash flow statement.

Which of the Following Is Not Required in Respect of the Cash