Question 1

For cash flow reporting purposes, operating activities include:

Accepted Answer

A)  buying and selling of non-current assets 
B)  incurring and extinguishing equity and debt 
C)  acquisition and disposal of investments 
D)  activities not otherwise classified as financing and investing. 
A)  buying and selling of non-current assets 
B)  incurring and extinguishing equity and debt 
C)  acquisition and disposal of investments 
D)  activities not otherwise classified as financing and investing.

Question 2

Use the following information to answer questions 11 to 13
A company reported the following information for a financial year:
  
-What is the net cash inflow (outflow) from investing activities?

Accepted Answer

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.

Question 3

Which of the following items would be presented in a Statement of Cash Flows?

Accepted Answer

A)  Payment of dividends through a share investment scheme 
B)  Acquisition of an investment in a subsidiary for consideration consisting of an exchange of non-current assets and liabilities 
C)  Proceeds from the issue of debentures 
D)  Refinancing of long-term debt 
A)  Payment of dividends through a share investment scheme 
B)  Acquisition of an investment in a subsidiary for consideration consisting of an exchange of non-current assets and liabilities 
C)  Proceeds from the issue of debentures 
D)  Refinancing of long-term debt

Question 4

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

Accepted Answer

A)  depreciation of non-current assets 
B)  interest received from investments 
C)  acquisition of non-current assets 
D)  proceeds from an issue of shares. 
A)  depreciation of non-current assets 
B)  interest received from investments 
C)  acquisition of non-current assets 
D)  proceeds from an issue of shares.

Question 5

During the financial year Marina Limited had sales of $720 000. The beginning balance of accounts receivable was $103 000, and the ending balance was $139 000. Bad debts amounting to $34 000 were written off during the period. The cash receipts from customers during the year amounted to:

Accepted Answer

A)  $650 000 
B)  $718 000 
C)  $722 000 
D)  $790 000. 
A)  $650 000 
B)  $718 000 
C)  $722 000 
D)  $790 000.

Question 6

Use the following information to answer questions 11 to 13
A company reported the following information for a financial year:
  
-What is the net cash inflow from operating activities?

Accepted Answer

A)  $45 000 
B)  $59 000 
C)  $60 000 
D)  $61 000. 
A)  $45 000 
B)  $59 000 
C)  $60 000 
D)  $61 000.

Question 7

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

Accepted Answer

A)  movements in non-current liabilities and equity 
B)  sales of goods and services by the entity 
C)  disposal of non-current assets 
D)  purchase on shares by the entity. 
A)  movements in non-current liabilities and equity 
B)  sales of goods and services by the entity 
C)  disposal of non-current assets 
D)  purchase on shares by the entity.

Question 8

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

Accepted Answer

A)  equity method 
B)  direct method 
C)  set-off method 
D)  net method. 
A)  equity method 
B)  direct method 
C)  set-off method 
D)  net method.

For cash flow reporting purposes, operating activities include:

Use the following information to answer questions 11 to 13 A company reported the following information for a financial year: -What is the net cash inflow (outflow) from investing activities?

Which of the following items would be presented in a Statement of Cash Flows?

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

During the financial year Marina Limited had sales of $720 000. The beginning balance of accounts receivable was $103 000, and the ending balance was $139 000. Bad debts amounting to $34 000 were written off during the period. The cash receipts from customers during the year amounted to:

Use the following information to answer questions 11 to 13 A company reported the following information for a financial year: -What is the net cash inflow from operating activities?

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 Conceptual Framework of the Iasb

Shareholders Equity: Share Capital and Reserves

Fair Value Measurement

Revenue

Provisions, Contingent Liabilities and Contingent Assets

Income Taxes

Financial Instruments

Share-Based Payments

Inventories

Employee Benefits

Property, Plant and Equipment

Leases

Intangible Assets

Business Combinations

Impairment of Assets

Accounting for Mineral Resources

Agriculture

Financial Statement Presentation

Earnings Per Share

Operating Segments

Operating Segments

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Translation of the Financial Statements of Foreign Entities

Associates and Joint Ventures

Joint Arrangements

Filters

Exam 19: Statement of Cash Flows

For cash flow reporting purposes, operating activities include:

Use the following information to answer questions 11 to 13 A company reported the following information for a financial year: -What is the net cash inflow (outflow) from investing activities?

Which of the following items would be presented in a Statement of Cash Flows?

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

During the financial year Marina Limited had sales of $720 000. The beginning balance of accounts receivable was $103 000, and the ending balance was $139 000. Bad debts amounting to $34 000 were written off during the period. The cash receipts from customers during the year amounted to:

Use the following information to answer questions 11 to 13 A company reported the following information for a financial year: -What is the net cash inflow from operating activities?

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 Conceptual Framework of the Iasb

Shareholders Equity: Share Capital and Reserves

Fair Value Measurement

Revenue

Provisions, Contingent Liabilities and Contingent Assets

Income Taxes

Financial Instruments

Share-Based Payments

Inventories

Employee Benefits

Property, Plant and Equipment

Leases

Intangible Assets

Business Combinations

Impairment of Assets

Accounting for Mineral Resources

Agriculture

Financial Statement Presentation

Earnings Per Share

Operating Segments

Operating Segments

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Translation of the Financial Statements of Foreign Entities

Associates and Joint Ventures

Joint Arrangements

Filters