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present both the indirect and direct methods in their financial
reports.
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Multiple Choice Question 71
Carrot Company issued common stock for proceeds of $381,000
during 2013. The company paid dividends of $90,000 and issued a
long-term note payable for $95,000 in exchange for equipment
during the year. The company also purchased treasury stock that
had a cost of $18,000. The financing section of the statement of
cash flows will report net cash inflows of
$489,000.
$183,000.
$363,000.
$273,000
8-
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.
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Multiple Choice Question 74