a. Briefly discuss how the amortization of discounts and premiums on financial instruments are classified in an
Question:
a. Briefly discuss how the amortization of discounts and premiums on financial instruments are classified in an IFRS-based statement of cash flows.
b. Briefly discuss how other comprehensive income is reported on the statement of cash flows.
c. Briefly discuss how cash flows arising from investments in associates are reported on the statement of cash flows.
d. Briefly discuss how the amortization of discounts and premiums on financial instruments are classified in an ASPE-based cash flow statement.
Step by Step Answer:
a IAS 7 Statement of Cash Flows does not specifically address the classification of the amortization ...View the full answer
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In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.
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