Question 52 1 pts On 1 March 2020, Juno Limited entered into an insurance contract by paying the annual premium of $4,651 on that date. State, to the nearest whole dollar, the cash outflow arising from this event for the year ended 30 June 2020 Question 53 1 pts Lumen Limited sold a building for $151,000. The building cost $198,000 several years ago and at the time of sale it had a carrying amount of $129,000. State the cash inflow arising from this event. Question 50 1 pts Which of the following statements describes an advantage the Statement of Cash Flows has over the other financial statements contained in a General Purpose Financial Report? All of these statements describe an advantage the Statement of cash flows has over the other financial statements O Cash flows typically indicate financial distress earlier than other financial statements Cash flows have no degree of existence uncertainty O Cash flows have no degree of measurement uncertainty Information about cash flows is generally less complicated than the information contained in the other financial statements Question 51 1 pts Which of the following would NOT be disclosed as a non-cash investing and financing activity? None - all of these would be classified as a non-cash investing and financing activity O A share-for-share takeover whereby the company issued three shares in exchange for every two held in the other company The purchase of a parcel of land financed by a mortgage The credit purchase of inventory O Preference shares being converted into ordinary shares