Exercise 22-10 Dunrobin Industries Ltd., which uses IFRS, had the following tran

Question

Exercise 22-10 Dunrobin Industries Ltd., which uses IFRS, had the following transactions during its most recent fiscal year. The situations below apply to Dunrobin Industries' Statement of Cash Flows. Dunrobin Industries Ltd. has adopted the policy of classifying dividends received as investing activities, dividends paid as operating activities, and interest paid as a financing activity on the statement of cash flows. Received a shipment of raw materials inventory purchased on account. (Select all that apply.) An Operating Activity An Investing Activity A Financing Activity A Significant Non-Cash Investing or Financing Activity None of these Options

Explanation / Answer

1.Raw materials - Operating activity

2.Declared dividend - A significant Non Cash investing or financing Activity

3.Rent - Operating activity

4.4% interest - An Investing Activity

5.Employees Pension Plan - Operating activity

6.Finance Lease - A significant Non Cash investing or financing Activity

7.Stock split - A significant Non Cash investing or financing Activity

8.Interest on debentures - Operating activity

9.Paid Supplier - Operating activity

10.Purchase Land - A significant Non Cash investing or financing Activity

11.Car Dealership - An Investing Activity

12.Cash dividend collected - Operating activity

13.Sold fleet of vehicles - An Investing Activity

14.additional shares - A Financing Activity

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