Exercise 22-10

Dunrobin Industries Ltd., which uses IFRS, had the following transactions during its most recent fiscal year. The situations below apply to Dunrobin Industries' Statement of Cash Flows. Dunrobin Industries Ltd. has adopted the policy of classifying dividends received as investing activities, dividends paid as operating activities, and interest paid as a financing activity on the statement of cash flows.

1. Received a shipment of raw materials inventory purchased on account.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

2. Declared a cash dividend on common shares.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

3.Collected cash from tenants for rents.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

4. Acquired a 4% interest in a supplier company's common shares accounted for as FV-Ni.(Management's intention is not to trade the shares)

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

5. Made the annual contribution to the employees' pension plan.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

6. Leased new equipment under a finance lease.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

7.Declared a 2-for-1 stock split

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

8. Paid the semi-annual interest on outstanding debentures.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

9. Paid the supplier on account for the purchase transaction in item 1. [ First transaction reproduced: Received a shipment of raw materials inventory purchased on account.]

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

10. Purchased land by issuing preferred shares.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

11. Paid the car dealership for a new fleet of vehicles for the sales staff.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

12. Collected a dividend on the investment made in item 4. [ Fouth transaction reproduced: Acquired a 4% interest in a supplier company's common shares accounted as FV-NI. (Management's intention is not to trade the shares.)

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

13. Sold the old fleet of sales vehicles at an amount in excess of their carrying amount.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options

14. Distributed additional shares following a declaration of a 5% stock dividend.

Select all that apply

A) An Operating Activity

B) An Investing Activity

C) A Financing Activity

D) A significant Non-Cash Investing or Financing Activity

E) None of these Options