To increase the cohesiveness of financial statements the IASB/FASB joint project is suggesting that the statements of comprehensive income; financial position and cash flow should use the same section names.Which of these is not one of the proposed sections?
A) Business
B) Outlay
C) Financing
D) Income taxes
Correct Answer:
Verified
Q2: The definition of cash equivalents in IAS
Q3: Which of these best describes the direct
Q4: Which of these is NOT a problem
Q5: Cash flow and funds flow statements both
Q6: The IASB views cash flow reporting as
Q7: The UK ASB and IAS 7 both
Q8: Why do cash flow statements provide a
Q9: Cash flow statements can deal with non-
Q10: How does IAS 7 require cash flows
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents