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Answer: ASSESSMENT PART A Any information contained in the financial statement helps an investor or other user in the economic decision-making process. However not every and any information can be beneficial for the users of the financial statement. There are few qualities which this financial information should possess to satisfy their purpose of helping the users (Elimam, 2017). The following are all qualitative characteristics . ...Read More
Answers :- Cash Flow Statement Requirement [i] The cash flow statements is considered as a major financial statements that depicts the major changes in the accounts of balance sheet and income that affect the cash and cash equivalent of the companies. Cash Flow from Operating Activities: In Wesfarmers, the major items under Operating Activities are receipts from the ...Read More
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