Exam 13: Statement of Cash Flows

Which of the following items should be disclosed in a Statement of Cash Flows?

The components of cash and cash equivalents:

Which of the following items is classified as part of 'operating activities' in the Statement of Cash Flows?

Warner Limited had the following cash flows during a reporting period: $\bullet$ Acquisition of subsidiary, net of cash flows: €250 000 $\bullet$ Dividends paid: €65 000 $\bullet$ Repayment of borrowings: €90 000 $\bullet$ Interest paid on borrowings: €57 000 $\bullet$ Proceeds from disposal of plant: €215 000 What is the amount of the cash flows from financing activities of Warner Limited for the reporting period?

The following item is classified as part of 'investing activities' in the Statement of Cash Flows:

During the financial year, Cresswell Limited had cost of sales of €260 000. Opening and closing balances of inventory and trade payables are shown below: Opening balance Closing balance > Inventory 46,000 55,000 > Trade Payables 18,000 26,000 A discount of €2000 for prompt payment was received. The amount of cash paid for goods purchased during the year was:

The basis of measurement used in the Statement of Cash Flows is:

The following item is classified as a 'financing activity' in the Statement of Cash Flows:

Brett Limited had a net profit after tax of $850 000 for the financial year. Included in this profit was: $\bullet$ Depreciation expense of $120 000 $\bullet$ Gain on disposal of investments of $28 000 Also, Trade Receivables increased by $39 000 and Inventories decreased by $12 000. The cash flow from operating activities during the year was:

Katsis Limited had the following cash flows during the reporting period: $\bullet$ Acquisition of intangibles: €30 000 $\bullet$ Proceeds from disposal of plant: €28 000 $\bullet$ Receipts from customers: €832 000 $\bullet$ Payments to suppliers: €593 000 $\bullet$ Interest received: €17 600 $\bullet$ Income taxes paid: €45 500 The net cash flows from operating activities was:

Operating activities on a Statement of Cash Flows are generally associated with:

Which of the following items must be separately disclosed in the Statement of Cash Flows? I. Dividends paid II. Interest received III. Dividends received IV. Interest paid V. Auditor's remuneration paid

IAS 7 Statement of Cash Flows requires that investing and financing transactions that do NOT require the use of cash or cash equivalents should be:

According to IAS 7 Statement of Cash Flows, which of the following items does NOT fall within the definition of cash?

Which of the following descriptions is the best for 'cash flows from investing activities'? Those activities that relate to __________________.

During the financial year Sugianto Limited had sales of £42 000. The opening balance of trade receivables was £9000, and the closing balance was £12 700. Bad debts amounting to £700 were written off during the period. The cash receipts from sales during the year amounted to:

During the financial year Marina Limited had sales of €720 000. The opening balance of trade receivables was €103 000, and the ending balance was €139 000. Bad debts of €34 000 were written off during the period. The cash receipts from customers during the year were equal to:

IAS 7 encourages, but does NOT require, the disclosure of: I the amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments, indicating any restrictions on the use of these facilities II the aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are required to maintain operating capacity III the amount of the cash flows arising from the operating, investing and financing activities of each reportable segment IV the name(s) of the entity's banks

An item or transaction will qualify for classification as a cash equivalent:

Use the following information to answer questions A company reported the following information for a financial year: £ Profit from ordinary activities before income tax expense 72,000 Income tax expense 20,000 Depreciation expense 8,000 Issue of shares 40,000 Loan made to another company 6,000 Increase in trade receivables 1,000 Decrease in inventories 2,000 Cash received from loans receivable 4,000 Dividends paid 2,000 -What is the net cash inflow (outflow) from financing activities?