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    Question

    The group into which business activities are classified

    for financial reporting of cash flow statement are:
    A Current and non-current Correct Answer Incorrect Answer
    B Operating, investing and financing Correct Answer Incorrect Answer
    C Asset and liabilities Correct Answer Incorrect Answer
    D Profit and loss Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Cash Flow Statement should classify the cash flows into three categories: a. Operating Activities – activities related to the operations of the company, including changes in working capital b. Investing Activities – activities related to how money is used and deployed into various non-current assets c. Financing Activities – activities related to raising funds/money through owned or debt capital

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