7. A cash flow statement prepared in accordance with IAS 7 opens with the calculation of cash flows from operating activities from the net profit before taxation. Which of the following lists of items consists only of items that would be added to net profit before taxation in that calculation? a. Increase in trade payables, decrease in trade receivables, profit on sale of non-current assets. b. Loss on sale of non-current assets, depreciation, increase in trade receivables. c. Decrease in trade receivables, increase in trade payables, loss on sale of non-current assets. d. Decrease in inventories, depreciation, profit on sale of non-current assets.

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Chapter1: Financial Statements And Business Decisions
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7. A cash flow statement prepared in accordance with IAS 7 opens with the calculation of cash flows from operating activities from the net profit before taxation. Which of the following lists of items consists only of items that would be added to net profit before taxation in that calculation?

a. Increase in trade payables, decrease in trade receivables, profit on sale of non-current assets.
b. Loss on sale of non-current assets, depreciation, increase in trade receivables.
c. Decrease in trade receivables, increase in trade payables, loss on sale of non-current assets.
d. Decrease in inventories, depreciation, profit on sale of non-current assets.
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