1.The change in Non-Current Liabilities would usually be explained in which section of the Statement of Cash Flow

a. The Financing Cash Flow Section

b. The Investing Cash Flow Section

c. None of these answers

d. The Operating Cash Flow Section

e. The Movements in non-Cash Current Assets and Current Liabilities section

2. Computers at Cost on 1 January 2017 = $400

Computers at Cost on 31 December 2017 = $600

Accumulated Depreciation on Computers 1 January 2017 = $350

Accumulated Depreciation on Computers 31 December 2017= $490

There are no disposals of Computers during 2017

Required:

Suppose Net Income is $300 and there are no changes in Non-Cash Current Assets or Current Liabilities.

What is the Cash Flow to/from Operations for 2017?

a. $300

b. None of these answers

c. $440

d. $540

e. $150

3. Machinery at Cost on 1 January 2017 = $100

Machinery at Cost on 31 December 2017 = $200

Accumulated Depreciation on Machinery 1 January 2017 = $50

Accumulated Depreciation on Machinery 31 December 2017= $95

Machine with $15 Accumulated Depreciation and a Cost of $25 is sold for $10

Required:

What is the Depreciation Expense for 2017?

a. $60

b. $45

c. None of these answers

d. $30

e. $120

4. Machinery at Cost on 1 January 2017 = $100

Machinery at Cost on 31 December 2017 = $200

Accumulated Depreciation on Machinery 1 January 2017 = $50

Accumulated Depreciation on Machinery 31 December 2017= $95

Machine with $15 Accumulated Depreciation and a Cost of $25 is sold for $10

Required:

How much Machinery was purchased in 2017?

a. $150

b. None of these answers

c. $125

d. $75

e. $100

5. Preparing a Cash Flow Statement requires us to identify Non-Current Assets. Which one of the following would be classified as a Non-Current Asset?

Accounts Receivable

Accounts Payable

Short-term Investments

Debt investments held to maturity

Bonds Payable

Inventory

Select one:

a. Bonds Payable

b. All are Non-Current Assets

c. Debt investments held to maturity

d. None of these answers

e. Short term investments