ACC 557 TUTOR Extraordinary Life/acc557tutor.com ACC 557 TUTOR Extraordinary Life/acc557tutor.com | Page 84

IFRS Multiple Choice Question 223
Each of the following items may be classified as operating or financing activities under IFRS except
dividends paid . dividends received . interest paid . All of these may be classified as such . 9- Multiple Choice Question 74
Accounts receivable arising from sales to customers amounted to $ 45,000 and $ 50,000 at the beginning and end of the year , respectively . Income reported on the income statement for the year was $ 160,000 . Exclusive of the effect of other adjustments , the cash flows from operating activities to be reported on the statement of cash flows is
$ 205,000 . $ 155,000 . $ 165,000 . $ 160,000 10- Multiple Choice Question 120 The statement of cash flows will not provide insight into whether cash flow is greater than net income .