The Canadian GAAP and the IFRS prescribes a standard format which firms are expected to follow...

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The Canadian GAAP and the IFRS prescribes a standard format which firms are expected to follow when they are preparing Cash Flow Statements in Canada". REQUIRED (a) State the HEADINGS that should be used in a cash flow statement prepared in accordance with Canadian GAAP. Ignore both net cash inflow/(outflow) from operating activities and taxation. (6 marks) (b) Copy the following table into your answer book and complete Column B by stating under which cash flow statement heading each item of receipt or payment in Column A would appear: Column B Column 1. Interim dividends paid on common stock 2. Receipt from sale of financial investment 3. Interest paid 4. Sale of investments held as liquid resources 5. Redemption of bonds 6. Dividends received 7. Receipts from the disposal of fixed assets 8. Issue of common stock 9. Interest received 10. Payments to purchase tangible fixed assets The Canadian GAAP and the IFRS prescribes a standard format which firms are expected to follow when they are preparing Cash Flow Statements in Canada". REQUIRED (a) State the HEADINGS that should be used in a cash flow statement prepared in accordance with Canadian GAAP. Ignore both net cash inflow/(outflow) from operating activities and taxation. (6 marks) (b) Copy the following table into your answer book and complete Column B by stating under which cash flow statement heading each item of receipt or payment in Column A would appear: Column B Column 1. Interim dividends paid on common stock 2. Receipt from sale of financial investment 3. Interest paid 4. Sale of investments held as liquid resources 5. Redemption of bonds 6. Dividends received 7. Receipts from the disposal of fixed assets 8. Issue of common stock 9. Interest received 10. Payments to purchase tangible fixed assets