Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-Which statement contains operating activities, investing activities, and financing activities?
A) the statement of changes in equity
B) the statement of financial position
C) the statement of income
D) the statement of cash flows

Question

Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-Which statement contains operating activities, investing activities, and financing activities?
A) the statement of changes in equity
B) the statement of financial position
C) the statement of income
D) the statement of cash flows

Quizplus · Accepted Answer

The statement of cash flows is the financial statement that includes operating activities, investing activities, and financing activities. It provides information on how a company's operations are running, where its money is coming from, and how it is being spent over a period.

Cost of the Asset$100,000