CAF-1 · Chapter 14 · Question 3 of 15
How should a company present cash flows arising from taxes on income, unless they can be specifically identified with financing and investing activities?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Separately disclosed and classified as operating activities.
Explanation
Cash flows arising from taxes on income shall be separately disclosed and classified as operating activities unless specifically identified with financing/investing activities.
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