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Which of the following statements about the consolidated statement of cash flow is correct, according to IFRS? a. Cash payments made for business acquisitions are presented in the operating cash flow section b. Dividends paid by subsidiaries are intra-group items which are cancelled on consolidation c. Acquisitions part-way through the year do not cause cash flow adjustments d. Dividends paid by the parent are intra-group items which are cancelled on consolidation

Which of the following statements about the consolidated statement of cash flow is correct, according to IFRS? a. Cash payments made for business acquisitions are presented in the operating cash flow section b. Dividends paid by subsidiaries are intra-group items which are cancelled on consolidation c. Acquisitions part-way through the year do not cause cash flow adjustments d. Dividends paid by the parent are intra-group items which are cancelled on consolidation

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 9MC: Which of the following need not be disclosed in a schedule accompanying the statement of cash flows...
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Which of the following statements about the consolidated statement of cash flow is correct, according to IFRS?

a.

Cash payments made for business acquisitions are presented in the operating cash flow section

b.

Dividends paid by subsidiaries are intra-group items which are cancelled on consolidation

c.

Acquisitions part-way through the year do not cause cash flow adjustments

d.

Dividends paid by the parent are intra-group items which are cancelled on consolidation

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