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Which of the following statements about the consolidated statement of cash flow is correct, according to IFRS? a. Cash payments made for business acquisitions are presented in the operating cash flow section b. Dividends paid by subsidiaries are intra-group items which are cancelled on consolidation c. Acquisitions part-way through the year do not cause cash flow adjustments d. Dividends paid by the parent are intra-group items which are cancelled on consolidation

Which of the following statements about the consolidated statement of cash flow is correct, according to IFRS? a. Cash payments made for business acquisitions are presented in the operating cash flow section b. Dividends paid by subsidiaries are intra-group items which are cancelled on consolidation c. Acquisitions part-way through the year do not cause cash flow adjustments d. Dividends paid by the parent are intra-group items which are cancelled on consolidation

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following statements about the consolidated statement of cash flow is correct, according to IFRS?

a.

Cash payments made for business acquisitions are presented in the operating cash flow section

b.

Dividends paid by subsidiaries are intra-group items which are cancelled on consolidation

c.

Acquisitions part-way through the year do not cause cash flow adjustments

d.

Dividends paid by the parent are intra-group items which are cancelled on consolidation

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