Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

31.According to AASB 107 Statement of Cash Flows, which of the following items ... According to AASB 107 Statement of Cash Flows, which of the

31.According to AASB 107 Statement of Cash Flows, which of the following items ...
According to AASB 107 Statement of Cash Flows, which of the following items does not fall within the definition of cash?
Select one:
a. Bank notes and coins.
b. Accounts receivable.
c. Non-bank bills that are readily convertible to cash.
d. Deposits on the short-term money market with a term of less than 3 months.
[7:21 PM]
32.Which of the following items is classified as part of operating activities ...
Which of the following items is classified as part of operating activities in the statement of cash flows?
Select one:
a. Proceeds from the sale of non-current assets.
b. Bad debts expense.
c. Depreciation of non-current assets.
d. Payments to suppliers for the purchase of goods.
[7:21 PM]
33.Investing activities are those relating to:
Investing activities are those relating to:
Select one:
a. changing the size or financial structure of an entity.
b. restructuring the working capital components of a business.
c. altering the composition of the debt of an organisation.
d. the acquisition or disposal of non-current assets.
[7:23 PM]
34.Which of following is classified as part of investing activities in the ...
Which of following is classified as part of investing activities in the statement of cash flows?
Select one:
a. acquisition of non-current assets.
b. proceeds from an issue of shares.
c. gain on sale of investments.
d. depreciation of non-current assets.
[7:24 PM]
35.Financing activities on an entitys statement of cash flows are usually ...
Financing activities on an entitys statement of cash flows are usually associated with:
Select one:
a. purchase of shares by the entity.
b. movements in non-current liabilities and equity.
c. sales of goods and services by the entity.
d. disposal of non-current assets.
[7:25 PM]
36. The basis of measurement used in the statement of cash flows is:
The basis of measurement used in the statement of cash flows is:
Select one:
a. current value.
b. accrual.
c. net present value.
d. cash and cash equivalents.
[7:26 PM]
37. For operating cash flows, the presentation method that separates gross cash ...
For operating cash flows, the presentation method that separates gross cash inflows from cash outflows is the:
Select one:
a. indirect method.
b. offset method.
c. direct method.
d. equity method.
[7:26 PM]
38. Which of the following items is required to be presented in a statement of ...
Which of the following items is required to be presented in a statement of cash flows?
Select one:
a. Depositing cash on hand in the bank account.
b. Proceeds from the issue of debentures.
c. Payment of dividends through a share investment scheme.
d. Acquisition of an investment in a subsidiary for consideration consisting of an exchange of non-current assets and liabilities
[7:26 PM]
39.Atkins investing
Atkins Limited had the following cash flows during the reporting period: consideration paid to acquire land $150,000; dividends paid $30,000; repayment of borrowings $60,000; interest paid on borrowings $24,000; and, proceeds from sale of plant $100,000.
The amount of the cash flows in relation to investing activities of Atkins Limited for the reporting period is:
Select one:
a. Net cash outflow $50,000
b. Net cash inflow $100,000
c. Net cash outflow $100,000
d. Net cash inflow $50,000
[7:26 PM]
40.Delilah Receipts
During the financial year Delilah Limited had sales of $284,000. The opening balance of accounts receivable was $36,000, and the closing balance was $45,000. Bad debts amounting to $2,600 were written off during the period. The cash receipts from sales during the year amounted to:
Select one:
a. $284,000
b. $275,000
c. $272,400
d. $281,400
[7:27 PM]
done... how is it going? 30 min left
[7:27 PM]
plz give me the answers whatever u have

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Guide To Commercial And Industrial Energy Auditing

Authors: Mtijan M Kamara

1st Edition

1717257321, 978-1717257321

More Books

Students also viewed these Accounting questions