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All of These Are Requirements of IAS 7/AASB 107, Except

Question 21

Multiple Choice

All of these are requirements of IAS 7/AASB 107, except:


A) gross cash flows, rather than net flows, are to be reported.
B) comparative figures for the previous year must be provided as well as current year figures.
C) a note reconciling gross profit with cash paid for cost of sales is to be provided.
D) the net increase or decrease in cash held must be reconciled with the cash items appearing in the balance sheet.

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