und v,elfare organizationticality)

c. I]inancial asset
d. Investrncntproperty
2. tror hedging purposes, derivative instruments may be broadly designated as either
,b.' lncome tax expense
An entity purchases atuilding and the seller accepts payment partly in equity shires and partly in debeniures of the
entit-v. This transastion should be treated in the cash flow staternent as follows
a -l'he purchase of the building should he investing cash outilow and the issuance of shares and the
debentures financing cash outllows
b. 'Ihe purchase of the building should be investing cash outflow and the issuance ol debentures
fin;incing cash outflows while the issuahce of shares investing cash outflow
c. 'fhis does not belong in a cash flow statetnent and should be disclosed only in the notes to the tinancial
statements
4. Ignore thc transaction totally sincc it is a non-cash transaction. No mention is required in either the
i:ash florv statement or in the notes to the flnancial statements
7. Which of the following reports is not a component of the financial statements according to PAS l?
C a. Balance sheet -{ Director's repoft
b. Statement of change s in equity d. Notes to the financial statements
8. A t,olttntur.\, hea{th und v,elfare organization is required to prcpare