1.For a furniture mover, cash received from the sale of a motor vehicle will appear in which section of the cash flow statement?

Select one:

a.Does not appear in the statement

b.Financing activities section

c.Investing activities section

d.Operating activities section

2.All of the following are operating cash flows except:

Select one:

a.Payment of Income Tax

b.Payment of rent

c.Repayment of loan to ANZ Bank

d.Receipt of interest on bank account from ANZ Bank

3.

Question text

Which statement is correct?

Select one:

a.The statement of comprehensive income is accrual based and the balance sheet and the cash flow statement are cash based.

b.The balance sheet does not record cash.

c.The statement of comprehensive income and the balance sheet are accrual based and the cash flow statement is cash based.

d.The statement of comprehensive income, the balance sheet and the cash flow statement are accrual based

4.In the cash flow statement the total of net cash flows from operating activities, net cash flows from investing activities and net cash flows from financing activities for the period, equals:

Select one:

a.the cash balances at the end of the period.

b.the cash balances at the beginning of the period.

c.total net increase or decrease in cash held for the period.

d.profit.