Question

According to Accounting Standard 3 (Revised), what does the treatment of cash flows of special items include?

a.

Foreign Currency Cash Flows only

b.

Extraordinary Items only

c.

Interest & Dividends only

d.

Various special items such as Foreign Currency Cash Flows, Extraordinary Items, Interest & Dividends, Taxes on Income, Acquisition and Deposits of Subsidiaries and other Business units, and Non-cash Transactions

Answer: (d).Various special items such as Foreign Currency Cash Flows, Extraordinary Items, Interest & Dividends, Taxes on Income, Acquisition and Deposits of Subsidiaries and other Business units, and Non-cash Transactions Explanation:Accounting Standard 3 (Revised) provides for the treatment of cash flows of various special items, including Foreign Currency Cash Flows, Extraordinary Items, Interest & Dividends, Taxes on Income, Acquisition and Deposits of Subsidiaries and other Business units, and Non-cash Transactions.

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Q. According to Accounting Standard 3 (Revised), what does the treatment of cash flows of special items include?

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