Which of the following adjustments to net income is needed to obtain cash flows? a. Eliminate gains on sale of equipment. b. Add to net income all noncash expenses (e.g., depreciation and amortization). c. Add to net income any increases in current liabilities. d. Deduct from net income any increases in inventories. e. All of the above.

In determining the value in use, which of the following cash flow is excluded from the computation? I. Income tax receipts or payments. II. Net cash flows received or paid on the disposal of the asset at the end of its useful life in an arm's length transaction which is after using the asset. III. Future costs of improving or enhancing the asset's performance.

Which of the following will be reflected in the "Cash flows from operating activities" of a Statement of Cash Flows? A) Adjustment for depreciation B) Purchase of equipment C) Increase or decrease in loans D) Purchase of inventory

The cost of new non-current assets is a cash payment not an expense in the statement of profit or loss?     True       False