Asked by carolette mckenzie on Apr 24, 2024
Verified
Cash flow from operating activities is the default classification in a statement of cash flows.
Operating Activities
These are the day-to-day activities of a business related to its primary operations, such as selling products or providing services, which are reflected in the cash flows of a company.
- Understand the reporting requirements for a statement of cash flows as per AASB 107.
Verified Answer
ZK
Zachary KosloskeMay 02, 2024
Final Answer :
True
Explanation :
Cash flow from operating activities is the default classification in a statement of cash flows as it represents the cash flows generated or used in the operations of the business. However, under certain circumstances, cash flows may be classified under investing or financing activities.
Learning Objectives
- Understand the reporting requirements for a statement of cash flows as per AASB 107.