1
Q
Cash To Suppliers
A
COGS + change in inventory - change A/P
2
Q
Cash to Customer
A
Sales - change in A/R
3
Q
Under which accounting system(s) do taxes on income have to be disclosed separately?
A
IFRS & GAAP
4
Q
Where should non-cash transactions be disclosed?
A
in the supplementary notes; not in a specific account. Example is the conversion of converts to common stock.
CFA Level I
flashcards
Decks in class (5)
# Cards
