Nr075 conceptual framework and accounting standards pas 7 statement of cash flows

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PAS 7 Statement of Cash FlowsLearning Objectives••Describe the statement of cash flows.Differentiate between the following: (1) Operating activities,(2) Investing activities, and (3) Financing activities.•State the classifications of the following in a statement ofcash flows: (a) dividends received, (b) dividends paid, (c)interest paid and (d) interest received.Conceptual Framework & Acctg. Standards (by: Zeus Vernon B. Millan)2Statement of Cash Flows•The statement of cash flows provides informationabout the sources and utilization (i.e., historical changes)of cash and cash equivalents during the period. Thestatement of cash flows presents cash flows according tothe following classifications:1. Operating activities2. Investing activities3. Financing activitiesConceptual Framework & Acctg.Standards (by: Zeus Vernon B. Millan)3Activities1.Operating activities include transactions that enter intothe determination of profit or loss. These transactionsnormally affect income statement accounts.2.Investing activities include transactions that affect longterm assets and other non-operating assets.3.Financing activities include transactions that affectequity and non-operating liabilities.Conceptual Framework & Acctg.Standards (by: Zeus Vernon B. Millan)4Examples of cash flows from Operating Activitiesa. cash receipts from the sale of goods, rendering ofservices, or other forms of incomeb. cash payments for pur … Purchase document to see full attachment

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