Changes in balance sheet accounts from one year to the next may not map directly into the corresponding account changes in the statement of cash flows. Which of the following items is not a cause of such mapping differences?
Multiple Choice
Translation of all company subsidiaries using the temporal method
Impairment charges
Retirement of fixed assets
Reclassification of assets held for sale
Ans: The correct option for the answer is option B i.e. Impairment charges
Impairment charges is a type of expense item and it will goes to the statement of comprehensive income
All other three options are generally part of balance sheet and will be carried forward to next year
Changes in balance sheet accounts from one year to the next may not map directly into...