篩選結果 共找出329題

The following information is available about the plant, property and equipment of Lok Co, for the year to 31 December 20X3.

??????????????????????????????????????????????????????????????????????????????????????????????? $!000

Carrying amount of assets at beginning of the year?????????????? 462

Carrying amount of assets at end of the year??????????????????????? ?633

Increase in revaluation surplus during the year?????????????????????? ?50

Disposals during the year, at cost??????????????????????????????????????????110

Accumulated depreciation on the assets disposed of????????????? 65

Depreciation charge for the year????????????????????????????????????????????? 38

What will be included in cash flows from investing activities for the year, in a statement of cash flows that complies with IAS 7 Statement of Cash FlOWS?

A

$104,000

B

$159,000

C

$166,000

D

?$204,000

A company sold warehouse premises at a loss during a financial period. How would this transaction be included in a statement of cash flows for the period that complies with IAS 7 Statement of Cash F/ows and that uses the indirect method to present

cash flows from operating activities?

Loss on disposal????????????? Proceeds from sa/e in cash flows from

A

Deduct as an adjustment in the calculation of cash flows from operating activities

Include

in cash flows from investing activities

B

Deduct as an adjustment in the calculation of cash flows from operating activities

Include

in cash flows from operating activities

C

Add as an adjustment in the calculation of cash flows from operating activities

Include

in cash flows from investing activities

D

Add as an adjustment in the calculation of cash flows from operating activities

Include

in cash flows from operating activities

?Big Time Co had the following transactions during the year.

??Purchases from suppliers were $18,500, of which $2,550 was unpaid at the year end. Brought forward payables were

$1,000.

??Wages and salaries amounted to $9,500, of which $750 was unpaid at the year end. The financial statements for the

previous year showed an accrual for wages and salaries of $1,500.

??Interest of $2,100 on a long term loan was paid in the year.

??Sales revenue was $33,400, including $900 receivables at the year end. Brought forward receivables were $400.

??Interest on cash deposits at the bank amounted to $175.

Using the direct method, what is Big Time Co's cash flow from operating activities?

A

$3,425

B

$3,775

C

$1,425

D

$6,775

Which one of the following statements is correct?

A

?If a business makes a profit, it has positive cash flow.

B

If a business makes a loss, it has negative cash flow.

C

A business may make a profit but have negative cash flow.

D

A business that breaks even has cash inflows equal to cash used

?Toots Co has made healthy profits for the past year, although at times the company has been close to running out of cash.

Because Toots Co is profitable, Adam, their accountant is unconcerned by the cash shortage. Jo, the financial controller at

Toots Co, is concerned. Jo tells Adam, ‘profits are fine on paper, but in the real world cash is king’. Jo believes Toots Co

needs to take a more proactive approach to cash flow management.

Adam and Jo have two different views. Who is correct, and why?

A

Adam is correct. A profitable business should not waste management time on cash flow issues.

B

Adam is correct. A profitable business will always survive and prosper.

C

Jo is correct. Proactive cash flow management is required under IAS 7 Statements of Cash

Flows.

D

Jo is correct. A business that does not have cash available to fund operations is likely to fail.

Which one of the following statements correctly identifies a valid disadvantage to users of financial statements of the sta

tement of cash flows?

A

Under IAS 7 Statement of cash flows, an entity may use any format for their statement.

B

There is an opportunity to reclassify some cash outflows that might have been reported in the

operating section as investing cash outflows.

C

Under IAS 7 Statement of cash flows the statement of cash flows may cover a different period of time to the other financial statements.

D

?Cash flow figures are more open to manipulation than the profit figure.

What amount should appear in the group's consolidated statement of financial position at 31 December 20X2 for goodwill?

A

$52,000

B

$80,000

C

$122,000

D

$212,000

What amount should appear in the group's consolidated statement of financial position at 31 December 20X2 for

non-controlling interest?

A

$49,000

B

$58,000

C

$51,000

D

$42,000

What amount should appear in the group's consolidated statement of financial position at 31 December 20X2 for retained

earnings?

A

$280,000

B

$291,000

C

$354,000

D

?$ 273,000

Which of the following companies are subsidiaries of Gamma Co?

Zeta Co: Gamma Co owns 51% of the non-voting preference shares of Zeta Co Iota Co: Gamma Co has 3 representatives on the board of directors of Iota Co. Each director can cast 10 votes each out of the total of 40 votes at board meetings.

Kappa Co: Gamma Co owns 75% of the ordinary share capital of Kappa Co, however Kappa Cois located overseas and is

subject to tax in that country.

A

Zeta Co, Iota Co and Kappa Co

B

Zeta Co and Kappa Co

C

Iota Co and Kappa Co

D

Zeta Co and Iota Co