SOCF Flashcards
1
Q
SOCF must be issued
A
For all comparative periods
2
Q
Non cash items should be added back to net income even if it is an expense for the SOCF
A
Depreciation / deferred income tax expense is a great example
3
Q
SOCF investing activities
A
Is all methods added together.
Held to maturity and available for trading
4
Q
Ifrs requirs interest expense to be
A
Either in operating or financing