Which of the following statements concerning the statement of cash flows is true? Group of answer choices IFRS requires companies to classify all income taxes paid as operating cash outflows. When pension expense exceeds cash funding, the difference is deducted from investing activities on the statement of cash flows. Under IFRS, the purchase of land by issuing common shares will be shown as a cash outflow under investing activities and a cash inflow under financing activities. Companies may report the cash flows from purchases and sales of trading investments as cash flows from operating activities.
Which of the following statements concerning the statement of cash flows is true? Group of answer choices IFRS requires companies to classify all income taxes paid as operating cash outflows. When pension expense exceeds cash funding, the difference is deducted from investing activities on the statement of cash flows. Under IFRS, the purchase of land by issuing common shares will be shown as a cash outflow under investing activities and a cash inflow under financing activities. Companies may report the cash flows from purchases and sales of trading investments as cash flows from operating activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Which of the following statements concerning the statement of cash flows is true?
Group of answer choices
IFRS requires companies to classify all income taxes paid as operating cash outflows.
When pension expense exceeds cash funding, the difference is deducted from investing activities on the statement of cash flows.
Under IFRS, the purchase of land by issuing common shares will be shown as a cash outflow under investing activities and a cash inflow under financing activities.
Companies may report the cash flows from purchases and sales of trading investments as cash flows from operating activities.
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