Multiple Choice
Which of the following is not a requirement of IAS 7/AASB 107?
A) Reporting of gross cash flows rather than net flows.
B) Provision of a note reconciling gross profit with cash paid for cost of sales.
C) Provision of comparative figures for the previous year as well as current year figures.
D) A reconciliation of the net increase or decrease in cash held with the cash items appearing in the statement of financial position.
Correct Answer:
Verified
Correct Answer:
Verified
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