At 1 November 2014 the non-current assets of Field had a carrying amount of USD2,758,940. During the year to 31 October 2015, assets with a carrying amount of USD273,790 were sold at a loss of USD15,850, and new assets costing USD568,900 were purchased.What figure should appear for net cash used in investing cash flows in the statement of cash flows for the year to 31 October 2015?

1 .Greenfinch has an operating profit which exceeds the net cash inflow from operating activities.Which of the following changes over the year could have caused this difference?

A Trade payables increased B Inventory decreased C Prepayments decreased D Trade receivables increased

题型: 单选题 提问时间: 2021-08-24

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2 .The statements of financial position of Jurric at 30 April 2015 and 2014 include the following: 2015 2014 USD USD Inventory 193,885 164,843 Payables 62,887 87,996 How should the changes in these amounts be reflected in the statement of cash flows for the year to 30 April 2015?

A Change in inventory Inflow; Change in payables Inflow B Change in inventory Outflow; Change in payables Outflow C Change in inventory Inflow; Change in payables Outflow D Change in inventory Outflow; Change in payables Inflow

题型: 单选题 提问时间: 2021-08-24

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3 .APM provides the following note property, plant and equipment in its statement of financial position: Cost Depreciation Carrying amount USD000 USD000 USD000 Opening balance 25 12 13 Additions 15 15 Depreciation 4 (4) Disposals (10) (8) (2) ——— ——— ——— Closing balance 30 8 22 ——— ——— ——— There was a gain on disposal of USD3,000.What is the net cash outflow for investing activities relating to property, plant and equipment?

A USD10,000 B USD12,000 C USD13,000 D USD15,000

题型: 单选题 提问时间: 2021-08-24

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4 .The following extract is from the financial statements of Pompeii at 31 October: 2015 2014 USD000 USD000 Equity and liabilities Share capital 120 80 Share premium 60 40 Retained earnings 85 68 ——— ——— 265 188 Non-current liabilities Bank loan 100 150 ——— ——— 365 338 ——— ——— What is the cash inflow from financing activities to be disclosed in the statement of cash flows for the year ended 31 October 2015?

A USD10,000 B USD27,000 C USD60,000 D USD110,000

题型: 单选题 提问时间: 2021-08-24

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5 .During the year to 30 April 2016 Jaunty had purchased non-current assets which cost USD687,000. The company financed the purchases by taking out loans totalling USD597,000, and paying the balance in cash. In addition, non-current assets with a carrying amount of USD75,000 were sold at a loss of USD15,000.What figure should appear for net cash used in investing activities in the statement of cash flows for the year to 30 April 2016?

A USD537,000 B USD627,000 C USD672,000 D USD687,000

题型: 单选题 提问时间: 2021-08-24

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7 .At 31 May 2015 and 2014 Dron had the following balances: 2015 2014 USD000 USD000 Property, plant and equipment 2,110 1,945 Ordinary shares of USD1 1,200 800 Share premium 760 500 Non-current loans 174 550 The depreciation charge for the year to 31 May 2015 was USD270,000. There were no disposals of non-current assets during the year.What figure should appear as the net cash flow from investing activities in the statement of cash flows for the year to 31 May 2015?

A USD179,000 B USD435,000 C USD601,000 D USD719,000

题型: 单选题 提问时间: 2021-08-24

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8 .Which of the following statements regarding group accounting is/are correct?(1) Only the group’s share of the assets of a subsidiary is included in the consolidated statement of financial position(2) Only the group’s share of the net assets of an associate is reflected in the consolidated statement of financial position(3) Share capital in a consolidated statement of financial position includes the share capital of both the parent and the subsidiary

A 1 only B 2 only C 3 only D None of the statements

题型: 单选题 提问时间: 2021-08-24

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9 .During the last financial year, Orius acquired 44% of the issued share capital of Eerus. Under the terms of the acquisition, the finance director of Orius was appointed to the board of directors of Eerus.How should Orius account for its interest in Eerus in the consolidated financial statements?

A As a subsidiary, using acquisition accounting B As a subsidiary, using equity accounting C As an associate, using acquisition accounting D As an associate, using equity accounting

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10 .At 1 January Barley acquired 100% of the share capital of Corn for USD1,400,000. At that date the share capital of Corn consisted of 600,000 ordinary shares of 50c each and its reserves were USD50,000.On acquisition Corn had some assets whose carrying amount was USD230,000 but the fair value was USD250,000.What was goodwill on acquisition?

A USD730,000 B USD750,000 C USD1,030,000 D USD1,050,000

题型: 单选题 提问时间: 2021-08-24

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