IAS 7 statement of cash flows

Which of the following items could an entity classify under financing activities?

• Cash receipts from the sale of intangible assets

• Cash payments from acquiring additional interest in a subsidiary

• Cash receipts from the repayment of an advance to a party other than a financial institution

• Cash payments by a lessee for the reduction of the outstanding liability relating to a finance lease in the financial statement of the lessee

An entity that reports its interest in a joint venture using the equity method includes in its consolidated statement of cash flow _________

• The cash flows of the investee except those that re intragroup

• The cash flows between itself and the investee

• Its proportionate share of the investee's cash flows in each line item

• None of the investee's cash flows

Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of_________

• Non-cash items such as depreciation, provisions and deferred taxes

• Cash receipts and from sales of PPE

• Repayments related to loans with a party other than a financial institution

• Cash receipts from royalties, fees, commissions and other revenue

Which of the following is NOT an example of cash flows from operating activities?

• Cash receipts & payments of an insurance entity for premiums and claims and annuities

• Cash receipts from the sale of goods and the rendering of services

• Cash receipts from sales of PPE. Intangibles and other long-term assets

• Cash receipts and payments from contracts held for dealing or trading purposes

Which activity does the following belong to: proceeds received from a cash sale of pastechi

• Operating activities

• Financing activities

• Investing activities

Which activity does the following belong to: Proceeds received from taking out a bank loan

• Operating activities

• Financing activities

• Investing activities

Investments normally qualify as a cash equivalent only when they have a short maturity of ________

• Three months or less from the reporting date

• Three months or less from the date of acquisition

• Six month or less from the reporting date

• Six month or less from the date of acquisition

Mathew's father has three sons- Joseph I and Joseph II. Can you guess the name of the third son?

All of the following can be classified as cash and cash equivalent, except

• A bank overdraft

• Redeemable preference shares acquired and dues in 60 days

• Equity investment