ADVANCED FINANCIAL ACCOUNTING IA
ADVANCED FINANCIAL ACCOUNTING IA
12th Edition
ISBN: 9781260545081
Author: Christensen
Publisher: MCG
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Chapter 10, Problem 10.4Q

Why are changes in inventory balances not shown in the statement of cash flows when the direct method is used in presenting the cash flows from operating activities?

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Explain why cash outflows during the period for purchasesand salaries are not specifically reported on a statement ofcash flows prepared using the indirect method.
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Which of the following is not part of the elements of Cash flow statements? Net change in cash and bank balances or Activity Based Costing or Net Cash flow from operating activities or Cash from investing activities.

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ADVANCED FINANCIAL ACCOUNTING IA

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