Which of the following items would be specifically included in the statement of cash flows constructed in compliance with AS−3?
A
Conversion of debt to equity
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B
Acquiring an asset through lease
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C
Operating and non-operating cash flow information
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D
Purchasing a building by given a mortgage to the seller
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Solution
The correct option is D Operating and non-operating cash flow information Operating and non-operating cash flow are inflows and outflows of cash that are related or not related to the day-to-day, ongoing operations of a business. These non operating cash flows are associated with cash flows from investing and cash flows from financing on a company's statement of cash flows.