During the year, Penso Ltd received $50,000 from its customers, $5 000 for the sale of a motor vehicle and $20,000 for the issue of shares. It paid $27,000 to suppliers and employees, $3,000 for income tax and $50,000 for new machinery. In addition, it paid out $12,000 as loan repayments. Its cash balance at the commencement of the year was $19,000. What were the cash flows from financing activities?

a.

$8 000

b.

$20,000

c.

($12,000)

d.

($28,000)

Which method can result in annual depreciation expense going up and down from period to period?

a.

Reducing balance

b.

Units of production

c.

Straight line

d.

Both Straight line and Reducing Balance

During year ended 30 June 2019, Rugger Ltd had net sales of $256 000. Inventory at 1 July 2018 was $30 000, and at 30 June 2019 it was $23 000. Purchases were $115 000. What was the gross profit for year ended 30 June 2019?

a.

$12,000

b.

$134,000

c.

$141,000

d.

$99,000

The Global Reporting Initiative sets out:

a.

guidelines on how to reduce carbon emissions.

b.

principles to measure and report measures used to reduce carbon emissions.

c.

principles to measure and report economic, environmental and social performance.

d.

how organisations should behave ethically in regards to carbon emissions.