Treatments of items in the cash flow statement that differ between IFRS and GAAP include all of the following except the allowed treatment of
A) any cash outflows for development costs that were capitalized as intangible assets.
B) losses on the early retirement of bonds.
C) bank overdrafts.
D) income taxes related to financing and investing activities.
B
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Unearned Revenue is a liability account
a. True b. False Indicate whether the statement is true or false
A partner invests into a partnership a building with a $50,000 carrying value and $40,000 fair market value. The related mortgage payable of $25,000 is assumed by the partnership. The entry to record the investment in partnership is:
A) Building 50,000 Mortgage Payable 25,000Capital 25,000 B) Building 40,000 Mortgage Payable 25,000Capital 15,000 C) Building 50,000 Loss 10,000Mortgage Payable 25,000Capital 35,000 D) Capital 50,000 Loss 10,000Mortgage Payable 25,000Building 35,000
Which of the following is not included in an abstract?
A) Bene?ts derived. B) Problems. C) Processes used. D) Suggested solutions. E) Report summary.
With Doodle, each person responds to the best time for the event by using a(n) ____.
A. e-mail B. voice mail C. poll D. text message