A statement of cash flows prepared in accordance with IAS 7 Statements of cash flows 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 statement of cash flows prepared in accordance with IAS 7 Statements of cash flows 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:A statement of cash flows prepared in accordance with IAS7 Statements of cash flows 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.
Decrease in inventories, depreciation, profit on sale of non-current assets.
В.
Increase in trade payables, decrease in trade receivables, profit on sale of non-current assets.
C.
Loss on sale of non-current assets, depreciation, increase in trade receivables.
D.
Decrease in trade receivables, increase in trade payables, loss on sale of non-current assets.
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