In accordance with AASB 107/IAS 7 Statement of Cash Flows investing and financing transactions that do NOT require the use of cash or cash equivalents should be:
A) excluded from a statement of cash flows.
B) presented in a statement of cash flows before operating, investing and financing activities.
C) presented in the statement of cash flows after operating activities and before investing and financing activities.
D) presented in a statement of cash flows after the operating, investing and financing activities.

Question

Quizplus · Accepted Answer

Transactions that do NOT require the use of cash or cash equivalents should be excluded from the statement of cash flows. The statement of cash flows only shows the movement of cash and cash equivalents.

In Accordance with AASB 107/IAS 7 Statement of Cash Flows