Company A owns a van as non-current asset. This transportation element was acquired for 50,000 on 01/01/2017. Company A year-end is on 31st December. The annual depreciation rate is 20%. Which will be the total accumulated depreciation on 31/12/2018 using the reducing-balance method?

Select one:

a. 10,000

b. 18,000

c. 8,000

d. None of the answers is true.

.

Additional information:

• During accounting year 2020 there was an increase in inventories of 200.
• Trade receivables decreased in 800.
• Tax paid on cash during the year amounts to 1,500.
• There were not non-current assets disposals during the year.

Considering the previous information, the net cash flow from operating activities equals to:

Select one:

a. 18,240

b. 17,040

c. None of the answers is true.

d. 19,740

Consider the following Income Statement of Cloud Ltd. on 31st December 2020: Sales Revenue 20,000 Cost of goods sold (600) Gross profit 19,400 Distribution expenses (150) Administrative expenses (110) Depreciation expense (1,140) Operating profit 18,000 Interest receivable 2,000 Profit before taxation 20,000 Taxation (3,800) Profit after taxation 16,200 . Additional information: During accounting year 2020 there was an increase in inventories of 200. Trade receivables decreased in 800. Tax paid on cash during the year amounts to 1,500. There were not non-current assets disposals during the year. Considering the previous information, the net cash flow from operating activities equals to