Interest income of a company was 39,400 during the year ended 31 March 2012. Interest receivable was

Question:

Interest income of a company was £39,400 during the year ended 31 March 2012. Interest receivable was £9,400 as at 31 March 2011 and £10,500 as at 31 March 2012. Identify the cash inflow from interest during the year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 28, 2023 08:02 AM

See More Questions

The following financial statements relate to GetItDone PLC, which operates a wholesale carpet business. (Please note: The information in red has been updated from E 3.1. However, the rest remains the...
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
The financial statements of AG are given below: Income statement for the year ended 31 Match 2005 $000 Revenue........................................................................7 500 Cost of...
Write a memo to an employee whose work and behavior have been unsatisfactory. (You are the department manager.) Try to motivate the employee to improve his performance. Be brief, direct, honestand as...
Discuss the statement made by Price in the introduction to this chapter that Man is a risk-addicted animal.
Describe the accounting rate-of-return method. What are its main strengths and weaknesses? mki8
Event C: rolling a number less than 6 and the spinner landing on yellow
The New Athletics Company produces a wide variety of outdoor sports equipment. Its newest division, Golf Technology, manufactures and sells a single product Accu Driver, a golf club that uses global...
Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits Credits by: Debits by: Cash $ 145,000 Accounts receivable 170,500 Inventory $ 84,800...
Operating expenses for the year amounting to 752,400 includes depreciation of 98,400, amortisation of development cost of 35,000 and directors emoluments of 80,000. Prepaid operating expenses were...
A business owns seven flats rented out to staff at 500 per month. All flats were tenanted during the year. As at 1 January 21 months rent was in arrears and as at 31 December 14 months rent was in...
Operating cash flows rather than accounting income are listed in Table 12.1. Why do we focus on cash flows as opposed to net income in capital budgeting? AppendixLO1
Which one of the following is not a part of the Deployment phase of a machine learning development project? Explain what phase(s) address this issue, and why then? Training end users to incorporate...
Assist with the following discussion: Topic Discussion #1B: The first half of the term is devoted to leaders preparing themselves for leadership. Peter Senge and his coauthors discuss in The Dawn...
You are managing an employee who is not a self-starter, and thus you need to devise a plan to effectively lead this employee. Draft a one page (Times New Roman 12) single space response (plus title...
Ontario's minister of training, colleges and universities defended changes to post-secondary education on Monday, saying recently announced decisions are all about the making the system more...
"The power of globalization is not about leveraging economies of scale. It's about leveraging economies of knowledge and coordination figuring out how not to reinvent the wheel everywhere you do...
On a very cold sunny day, you wear a black coat and a transparent plastic coat. Which coat should be worn on the outside for maximum warmth?
Which of the followingcarbocations is the least stable? CH3CH2 . CH3CHCH3 CH3 I . CH3C0 T CH3 IV. V. CH3 CH3CCH2 CH3
Discuss the probable impact on your hometown if a major breakthrough in air transportation allowed foreign producers to ship into any U.S. market for about the same transportation cost that domestic...
Will the elimination of trade barriers between countries in Europe eliminate the need to consider submarkets of European consumers? Why or why not?
What and who is the U.S. government attempting to protect in its effort to preserve and regulate competition?
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.

Interest income of a company was 39,400 during the year ended 31 March 2012. Interest receivable was

Question:

a £39,400 100 b £38,300 c C d £40,500 £28,900

Step by Step Answer:

Financial Accounting An Introduction

Students also viewed these Business questions