QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

51. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
51. The following items are from a company’s cash flow statement. Classification of cash flow Description Amount (£000s)Operating activities Cash received from customers 55,000Investing activities Interest and dividends received 10,000Financing activities Net repayment of revolving credit loan 12,000Which of the following standards and formats did the company most likely use in the preparation of its financial statements? A. IFRS, direct format B. IFRS, indirect format C. Either IFRS or U.S. GAAP, direct format