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

A) £2000 net cash inflow; B) £6000 net cash inflow; C) £(2000) net cash outflow; D) £(4000) net cash outflow. A) £2000 net cash inflow; B) £6000 net cash inflow; C) £(2000) net cash outflow; D) £(4000) net cash outflow.

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

A) £45 000; B) £59 000; C) £60 000; D) £61 000. A) £45 000; B) £59 000; C) £60 000; D) £61 000.

Exam 13: Statement of Cash Flows

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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 investing activities?

(Multiple Choice)

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Question 21

Which of the following cash flow activities are regarded as investing cash flows?

(Multiple Choice)

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Question 22

For cash flow reporting purposes, operating activities include:

(Multiple Choice)

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Question 23

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 operating activities?

(Multiple Choice)

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Question 24

The following information was extracted from the records of Ustinof Limited: $\bullet$ Opening balance of Equipment: $360 000 $\bullet$ Closing balance of Equipment: $400 000 $\bullet$ Cost of new Equipment: $80 000 $\bullet$ Proceeds from disposal of Equipment: $6000 (Cost $40 000; Carrying amount $10000) The total cash flows from investing activities is equal to:

(Multiple Choice)

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Question 25

Cash flows arising from each of the following activities of a financial institution may be reported on a net basis: I cash receipts and payments for the acceptance and repayment of deposits with a fixed maturity date II the placement of deposits with and withdrawal of deposits from other financial institutions III cash advances and loans made to customers and the repayment of those advances and loans IV cash receipts and payments for the acceptance and repayment of deposits with no fixed maturity date

(Multiple Choice)

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Question 26

Items classified as 'financing activities' on an entity's Statement of Cash Flows are usually associated with:

(Multiple Choice)

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Question 27

The Statement of Cash Flows presentation method that separates gross cash inflows from cash outflows is known as the:

(Multiple Choice)

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Question 28

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Which of the following cash flow activities are regarded as investing cash flows?

For cash flow reporting purposes, operating activities include:

Items classified as 'financing activities' on an entity's Statement of Cash Flows are usually associated with:

The Statement of Cash Flows presentation method that separates gross cash inflows from cash outflows is known as the:

The Iasb and Its Conceptual Framework

Owners Equity: Share Capital and Reserves

Fair Value Measurement

Revenue From Contracts With Customers

Provisions, Contingent Liabilities and Contingent Assets

Financial Instruments

Share-Based Payment

Inventories

Employee Benefits

Leases

Impairment of Assets

Financial Statement Presentation

Operating Segments

Other Key Notes Disclosures

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Translation of the Financial Statements of Foreign Entities

Agriculture

Associates and Joint Ventures

Joint Arrangements

Revenue From Contracts With Customers

Financial Instruments

Financial Instruments

Share-Based Payment

Exploration for and Evaluation of Mineral Resources

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