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Cash payment to acquire PPE in statement of cash flow is considered ( IAS7): a. operating activities b. investing activities c. financing activities

IFRS
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Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2014/05/12
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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(B) is the Correct Ans.

 

Investing Activity.

Almutaz Bakry Sidahmed
by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

The inswer is (b). It is an investing activity.

Mohammad Ibrahim, CMA, CertIFR
by Mohammad Ibrahim, CMA, CertIFR , Accounting Operation Team Leader , KFH ( Kuwait Finance House )

I Think It Consider Under Operating Activities , Because The acquiring for PP&E is for using these assets in company's operation not for investment .

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