The International Accounting Standards Board’s Conceptual Framework for Financial Reporting defines an asset as: A A resource controlled by an entity which is capable of generating independent cash flows. B A resource capable of generating income for the entity C A resource owned by an entity as a result of a past events, from which future economic benefits are expected. D A resource controlled by an entity as a result of past events, from which future economic benefits are expected.
The International Accounting Standards Board’s Conceptual Framework for Financial Reporting defines an asset as: A A resource controlled by an entity which is capable of generating independent cash flows. B A resource capable of generating income for the entity C A resource owned by an entity as a result of a past events, from which future economic benefits are expected. D A resource controlled by an entity as a result of past events, from which future economic benefits are expected.
The International Accounting Standards Board’s Conceptual Framework for Financial Reporting defines an asset as: A A resource controlled by an entity which is capable of generating independent cash flows. B A resource capable of generating income for the entity C A resource owned by an entity as a result of a past events, from which future economic benefits are expected. D A resource controlled by an entity as a result of past events, from which future economic benefits are expected.
The International Accounting Standards Board’s Conceptual Framework for Financial Reporting defines an asset as: A A resource controlled by an entity which is capable of generating independent cash flows. B A resource capable of generating income for the entity C A resource owned by an entity as a result of a past events, from which future economic benefits are expected. D A resource controlled by an entity as a result of past events, from which future economic benefits are expected.
Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).
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