Not yet answered Marked out of 1.00 25 JIS Which of the following item, have been recorded on the company's books but not yet by the bank: Select cone a. Deposits in transit b. Outstanding checks c. Cash per book d. Cash per bank CLEAR MY CHOICE Not yet answered Marked out of 1.00 26 Jlw If a gain of R.O.20,000 is made in relation to selling (for cash) office equipment having a book value of R.0.80,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one .a. R.O.20,000 .b. R.O.80,000 .c. R.0.100,000 .d. R.0.60,000 CLEAR MY CHOICE Not yet answered Marked out of 1.00 27 Jl gw Mazaya Company purchased a piece of equipment on January 1, 2010. The equipment cost R.O.80,000 and had an estimated life of 8 years and a residual value of R.O.10,000. What was the depreciation expense for the asset for 2010 under the double- declining-balance method? Select one .a. R.O.20,000 O .b. R.0.8,749 .C.R.O.15,000 .d. R.O.8,667 CLEAR MY CHOICE Not yet answered Marked out of 1.00 28 Jl gw If the month-end bank statement shows a balance of R.0.360,000, outstanding checks are R.0.120,000, a deposit of R.O.40,000 was in transit at month end, and a check for R.0.5,000 was erroneously added by the bank to the account, the correct balance in the bank account at month end is Select one .a. R.0.285,000 .b. R.0.275,000 .c. R.O.205,000 .d. R.0.435,000 CLEAR MY CHOICE Not yet answered Marked out of 1.00 29 Jl Saw Mazaya Company had the following transactions during 2011: Issued R.0.50,000 of par value ordinary shares for cash.; Repaid a 6 year note payable in the amount of R.0.22,000; Acquired land by issuing ordinary shares of par value R.O.100,000.; Declared and paid cash dividend of R.0.2,000; Sold a non- current investment (cost R.0.63,000) for cash of R.0.6,000; Acquired an investment in IBM shares by issuing share of R.0.12,000. What is the net cash :provided by financing activities? Select one a. R.0.26,000 b. R.0.32,000 C.R.O.(6,000) d. R.0.12,000 CLEAR MY CHOICE Not yet answered Marked out of 1.00 30 Jl gw Real estate brokers' commission is part of cost: Select one a. Equipment O b. Goodwill O c. Land improvement d. Land CLEAR MY CHOICE Not yet answered Marked out of 1.00 25 JIS Which of the following item, have been recorded on the company's books but not yet by the bank: Select cone a. Deposits in transit b. Outstanding checks c. Cash per book d. Cash per bank CLEAR MY CHOICE Not yet answered Marked out of 1.00 26 Jlw If a gain of R.O.20,000 is made in relation to selling (for cash) office equipment having a book value of R.0.80,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one .a. R.O.20,000 .b. R.O.80,000 .c. R.0.100,000 .d. R.0.60,000 CLEAR MY CHOICE Not yet answered Marked out of 1.00 27 Jl gw Mazaya Company purchased a piece of equipment on January 1, 2010. The equipment cost R.O.80,000 and had an estimated life of 8 years and a residual value of R.O.10,000. What was the depreciation expense for the asset for 2010 under the double- declining-balance method? Select one .a. R.O.20,000 O .b. R.0.8,749 .C.R.O.15,000 .d. R.O.8,667 CLEAR MY CHOICE Not yet answered Marked out of 1.00 28 Jl gw If the month-end bank statement shows a balance of R.0.360,000, outstanding checks are R.0.120,000, a deposit of R.O.40,000 was in transit at month end, and a check for R.0.5,000 was erroneously added by the bank to the account, the correct balance in the bank account at month end is Select one .a. R.0.285,000 .b. R.0.275,000 .c. R.O.205,000 .d. R.0.435,000 CLEAR MY CHOICE Not yet answered Marked out of 1.00 29 Jl Saw Mazaya Company had the following transactions during 2011: Issued R.0.50,000 of par value ordinary shares for cash.; Repaid a 6 year note payable in the amount of R.0.22,000; Acquired land by issuing ordinary shares of par value R.O.100,000.; Declared and paid cash dividend of R.0.2,000; Sold a non- current investment (cost R.0.63,000) for cash of R.0.6,000; Acquired an investment in IBM shares by issuing share of R.0.12,000. What is the net cash :provided by financing activities? Select one a. R.0.26,000 b. R.0.32,000 C.R.O.(6,000) d. R.0.12,000 CLEAR MY CHOICE Not yet answered Marked out of 1.00 30 Jl gw Real estate brokers' commission is part of cost: Select one a. Equipment O b. Goodwill O c. Land improvement d. Land CLEAR MY CHOICE