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Under IFRS, the cash flow statement can be prepared using A.either the direct or indirect method. B.the indirect method only. C.the direct method only. D.the T-account method only.
IFRS used Either indirect or direct method in preparing the cash flow.IFRS stands for International Financial Reporting Standards. [ IFRS are principles-based standards, interpretations and the framework (1989)[1] adopted by the International Accounting Standards Board (IASB). ]
Expert answered|petitemonde|Points 30|
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Asked 6/11/2013 6:01:55 PM
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Select from the key below the one statement that is FALSE. A-The kinetic energy of a flywheel is the same when it is rotating about a fixed frictionless shaft and when it is rolling downhill, as long as the rotational velocities of the flywheel in both cases are the same B-The acceleration of a flywheel made of steel is smaller than a similar sized (diameter and thickness) flywheel made of wood, when acted upon by the same torque
Weegy: The answer is B-The acceleration of a flywheel made of steel is smaller than a similar sized (diameter and thickness) flywheel made of wood, when acted upon by the same torque. openbookproject.net/books/socratic/sinst/book/liii_1v12.pdf (More)
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Asked 6/4/2013 8:24:41 AM
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