Day 5 Tuition Flashcards
1
A
I may exercise my veto right should I wish to stop the entity from changing its name
2
Q
Primary factor in identifying funcational currency
A
3
Q
Difference between asset and business acquisition
A
4
Q
Cash
A
Companies chas on hand and demand doposits (overdrafts considered to be -ve chash)
5
Q
Cash equivalents
A
Short term, highliy liquid investments that are readilty convertible into known amounts of cash and which are subject to an insignicant rish of changes in value.
6
Q
Alternative performance measure
A
A financial measure of historical or future financial performance, financial position or cash flows, other than afinancials measure defines in the appilcable FR framework.
