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Autumn Company uses IFRS to prepare its external financial reporting. During 2018, Autumn Company had...

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Accounting

Autumn Company uses IFRS to prepare its external financial reporting. During 2018, Autumn Company had the following transactions related to cash flows:

Dividends received 16,000
Interest paid 20,000
Interest received 42,000

With regard to the above information, which of the following is an acceptable classification as part of preparation of the statement of cash flows?

Cash from operating activities Cash from/(used by)investing activities
A. $0 $42,000
B. $58,000 ($20,000)
C. $0 $38,000
D. ($20,000) $58,000

Multiple Choice

  • Option A.

  • Option B.

  • Option C.

  • Option D.

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