- 1 Marks
FA – May 2022 – L1 – SA – Q9 – Qualitative Characteristics of Useful Financial Information
Classify employee payments in the statement of cashflows.
Question
If an entity paid ₦1,750,000 to its employees, how is the amount classified in the statement of cashflows?
A. Cash inflows from operating activities
B. Cash inflows from investing activities
C. Cash outflows from financing activities
D. Cash outflows from operating activities
E. Cash outflows from investing activities
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