3488971
Description
Flashcards by badloukbek, updated more than 1 year ago
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Created by badloukbek
over 8 years ago
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| Question | Answer |
| 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 |
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