Statcment of functional expetlses

d. Staternent of management responsibility

,s: [.aws of nature
d. Pragnratism (practicality)
c. I]inancial asset
d. Investrncntproperty
2. tror hedging purposes, derivative instruments may be broadly designated as either
,b.' lncome tax expense
An entity purchases atuilding and the seller accepts payment partly in equity shires and partly in debeniures of the
entit-v. This transastion should be treated in the cash flow staternent as follows
a -l'he purchase of the building should he investing cash outilow and the issuance of shares and the
debentures financing cash outllows
b. 'Ihe purchase of the building should be investing cash outflow and the issuance ol debentures
fin;incing cash outflows while the issuahce of shares investing cash outflow
c. 'fhis does not belong