The following are cash flow transactions for Mungo LtD.

Which of the following combinations include all of the given answers transactions that will determine cash flows from operating activities of Mungo Ltd that is in accordance with AASB 107 "Cash Flow Statements"?
A) I, II, III, IV and V;
B) I, II, III, IV and VI;
C) I, II, III and IV;
D) I, II and III;
E) I, II and IV;

Question

The following are cash flow transactions for Mungo LtD.

Which of the following combinations include all of the given answers transactions that will determine cash flows from operating activities of Mungo Ltd that is in accordance with AASB 107 "Cash Flow Statements"?
A) I, II, III, IV and V; 
B) I, II, III, IV and VI; 
C) I, II, III and IV; 
D) I, II and III; 
E) I, II and IV;

Quizplus · Accepted Answer

Transactions I, II, III, and IV are all related to operating activities as defined by AASB 107. Transaction V relates to investing activities and Transaction VI relates to financing activities, so they are not included in the determination of cash flows from operating activities.

The Following Are Cash Flow Transactions for Mungo LtD