Question：IAS 7 requires the statement of cash flows to open with the calculation of net cash from operating activities, arrived at by adjusting net profit before taxation.

　　Which one of the following lists consists only of items which could appear in such a calculation?

　　A. Depreciation, increase in receivables, decrease in payables, proceeds from sale of equipment, increase in inventories

　　B. Increase in payables, decrease in inventories, profit on sale of plant, depreciation, decrease in receivables

　　C. Increase in payables, proceeds from sale of equipment, depreciation, decrease in receivables, increase in inventories

　　D. Depreciation, interest paid, proceeds from sale of equipment, decrease in inventories.

　　The correct answer is:

　　Increase in payables, decrease in inventories, profit on sale of plant, depreciation, decrease in receivables

　　Proceeds from sale of equipment are included in investing activities