21.5 Identify, by indicating the relevant box in the table below, whether each of the following statements about the financial statements of a limited company is true or false, according to International Financial Reporting Standards.

In preparing a statement of cash True False flows, either the direct or the indirect method may be used.

Both lead to the same figure for net cash from operating activities.

Loan notes can be classified as True False current or non-current liabilities.

Financial statements must True False disclose a company's total expense for depreciation, if material.

A company must disclose, by True False note, details of all adjusting events allowed for in the financial statements.

(2 marks)