How well do you know IAS 7 - Statement of Cash Flows?
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Questions and Answers

IAS 7 requires entities to present a statement of cash flows as an integral part of their primary financial statements.

True (A)

Investing and financing activities are presented on a net basis in the statement of cash flows.

False (B)

All entities that prepare financial statements in conformity with IFRSs are required to present a statement of cash flows.

True (A)

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