The consolidated cash flow statement is prepared by consolidating the separate cash flow statements of the parent and its subsidiaries.
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The consolidated cash flow statement is prepared by consolidating the separate cash flow statements of the parent and its subsidiaries.
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- Give the format of consolidated statement of cash flows.Differentiate between a balance sheet and an income statement of a listed company. How are the two statements related? Why is it often necessary to standard the items in the financial statements? Describe how this could be implemented. How does the statement of cash flows differ from the income statement? What are the various components of the cash flow statement? Describe the contribution of each of the components in terms of their importance to the generation of cash of a company? Explain what is meant by the following statement: ‘A ringgit today is worth than a ringgit to be received in future.” Describe the possible factors contributing to this situation. Describe the essential differences between the following cash flow streams: Annuity versus perpetuity Annuity due versus ordinary annuity Illustrate with an example each. What is a bond sinking fund? What is the purpose of establishing a sinking fund? Are bonds that provide for a sinking fund regarded as being risker than…Discuss the requirements of IAS 7 in the preparation of the Consolidated Statement of Cash Flows and the importance of Earning per Share to users of the financial statements.
- Direct cost incurred in a business combination are A. CapitalizedB. ExpensedC. Capitalized, except for costs of issuing equity and debt instrumentsD. Expensed, except for costs of issuing equity and debt instrumentsWhich financial statement shows that a company’s resources equal claims to those resources? a. Income statement.b. Statement of stockholders’ equity.c. Balance sheet.d. Statement of cash flows.Which of the following statements is true? Select one: a. Dividends paid are classified as a cash outflow from operating activities in the statement of cash flows b. Losses on the sale of long-term assets are an adjustment reported in the operating activities section of the statement of cash flows under the indirect method c. Repayment of long-term debt is classified as a cash outflow from investing activities in the statement of cash flows d. Investment in another company's common stock is classified as a cash outflow from financing activities in the statement of cash flows
- Which of the following statcments is not an objective of financial reporting? a. Provide information that is useful in investment and credit decisions. b. Provide information about enterprise resources, claims to those resources, and changes to them. c. Provide information on the liquidation value of an enterprise. d. Provide information that is useful in assessing cash flow prospects.Explain “ACCRUAL BASIS” and “CASH BASIS” briefly with your ownword by giving specific examples. If a company prepares an I/S according to thesetwo approaches do these statements end up with same amount of profit/loss?Assets and liablities are classified on the balance sheet into correct and long-term categories in order to a. determine the value of the businessb. determine the cash flows of the businessc. yield information about liquidityd. distinguish them from extraordinary items
- Which of the following items would be presented in a cash flow statement? Group of answer choices Proceeds from the issue of debentures Refinancing of long-term debt Payment of dividends through a share investment scheme Acquisition of an investment in a subsidiary for consideration consisting of an exchange of non-current assets and liabilities1. Which of the following statements is not an objective of financial reporting? a. To provide information that is useful in investment and credit decisions. b. To provide information about entity resources claims against those resources and changes in those resources. c. To provide information on the liquidation value of an entity. d. To provide information that is useful in assessing cash flow prospects.Statement I: Under accrual accounting the computation of the entity’s net income is by deducting the cash disbursement into the cash receipts.Statement II: Under the accrual accounting the enterprise income will include income earned from uncollectible sales. Only statement II is correct Both statements are incorrect Only statement I is correct Both statements are correct