Statement of cash flow Flash cards

Frage	Antworten
Q . What is the definition of cash and cash equivalent .	A . Highly liquid investments Readily convertible to known amounts of cash. Subject to insignificant risk of changes in value.
Q . What are operating activities ?	A . Main Revenue producing activities of the entity and other activities that are not investing or financing activities like taxes paid and received.
Q . What are investing activities ?	A . Activities that relate to the acquisition and disposal of a long term asset and other investments.
Q .What are financing activities ?	A .Activities that cause changes to contributed equity and borrowing of an entity .
Q. Received or paid interest and dividends can be classified as what ?	A . Operating Investing Financing as long as they are consistently treated from period to period

Zusammenfassung der Ressource

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