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1 Information about a company's operating capability may be helpful to external users in
a.assessing the uncertainty of its future cash flows.
b.evaluating the timing of cash flows in the near future.
c.assessing a return of investment as well as a return on investment.
d.evaluating the efficiency with which the company uses its resources to generate revenue
2.Under IFRS, liabilities and shareholders' equity on the balance sheet usually appear in which order?
a.Current liabilities, noncurrent liabilities, and equity
b.Equity, noncurrent liabilities, and current liabilities
c.Equity, current liabilities, and noncurrent liabilities
d.Noncurrent liabilities, current liabilities, and equity
3. Which of the following is not included under the heading "Capital and reserves" for IFRS financial statements?
a.Cumlulative currency translation adjustments
b.Upward revaluations of land and buildings
c.Allowance for uncollectible accounts
d.Accumulated net profits or losses
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