1. Which one of the following is not a non-current liability for a company?

A: Deferred tax

B: Bonds

C: Unpaid debenture interest

D: Mortgages

 

2. Which one of the following statements is true about the statement of cash flows?

A: It’s another way of presenting the cash book.

B: It is not a must for a company to prepare a statement of cash flows.

C: It is a must for a company to prepare the statement of cash flows.

D: It's net change in cash and cash equivalents is taken to income.

3. Revaluation surplus is a non-current asset.

A: True

B: False

 

4. Which one of the following statements best describes a cash outflow in relation to the statement of cash flows?

A: A cash outflow is an expense.

B: A cash outflow may have been paid or not.

C: A cash outflow is associated to both revenue and capital expenditure.

D: None of the above

 

5. Increase in revaluation reserve is a cash inflow.

A: True.

B: False