The non-current assets of Ealing were as follows:During the year non-current assets which had cost USD80,000 and which had a carrying amount of USD30,000 were sold for USD20,000.Profit before tax for the year was USD300,000.By how much did Ealing’s cash balances increase during the year as a result of the above transactions?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .IAS 7 Statement of Cash Flows sets out the three main headings to be used in a statement of cash flows. Items that may appear on a statement of cash flows include:(1) Tax paid(2) Purchase of investments(3) Loss on disposal of machinery(4) Purchase of equipmentWhich of the above items would be included under the heading “Cash flows from operating activities” according to IAS 7?
A 1 and 2 only B 1 and 3 only C 2 and 4 only D 3 and 4 only
2 .Which ONE of the following would be shown in a statement of cash flow using the direct method but not in a statement of cash flow using the indirect method of calculating cash generated from operations?
A Cash payments to employees B Increase/(decrease) in receivables C Depreciation D Finance costs
3 .Which of the following criticisms of this extract are correct?(1) Depreciation charges should have been added, not deducted.(2) Decrease in inventories should have been deducted, not added.(3) Increase in receivables should have been added, not deducted.(4) Increase in payables should have been added, not deducted.
A 1 and 3 only B 1 and 4 only C 2 and 3 only D 2 and 4 only
4 .At 1 January 20X0 Casey had property, plant and equipment with a carrying amount of USD250,000. In the year ended 31 December 20X0 the company disposed of assets with a carrying amount of USD45,000 for USD50,000. The company revalued a building from USD75,000 to USD100,000 and charged depreciation for the year of USD20,000. At the end of the year the carrying amount of property, plant and equipment was USD270,000.How much will be reported in the statement of cash flows for the year ended 31 December 20X0under the heading “cash flows from investing activities”?
A USD10,000 outflow B USD10,000 inflow C USD35,000 outflow D USD50,000 inflow
5 .A company sold a building at a profit.How should this transaction be treated in the company’s statement of cash flows?
A Proceeds of sale:Cash inflow under Financing activities; Profit on sale:Added to profit in calculating cash flow from operating activities B Proceeds of sale:Cash inflow under Investing activities; Profit on sale:Deducted from profit in calculating cash flow from operating activities C Proceeds of...
7 .On comparing the components of net assets of Deep on 31 December 20X2 and 31 December 20X1 the following movements were noted.(1) A decrease in the warranty provision of USD12,000 due to a change in estimate.(2) An increase in tangible non-current assets of USD98,000 due to a revaluation in the year.Which of the above items should be included in the notes to the cash flow statement of Deep as part of the reconciliation of operating profit to net cash flow from operating activities?
A Neither 1 nor 2 B 1 only C 2 only D Both 1 and 2
8 .A company incurs expenditure on development during the year which is capitalised.How would this expenditure be shown in the statement of cash flows?
A As an operating cash flow B As an investing cash flow C As an item in the reconciliation of operating profit and net cash inflow from operating activities D It will not appear at all
9 .The following items have been extracted from the statement of cash flows of Gresham for the year ended 31 December 20X1. USDDepreciation 30,000Profit on sale of non-current assets 5,000Proceeds from sale of non-current assets 20,000Purchase of non-current assets 25,000If the carrying amount of non-current assets was USD110,000 on 31 December 20X0, what was it on 31 December 20X1?
A USD70,000 B USD80,000 C USD85,000 D USD90,000
10 .Waterloo acquired a building by issuing USD400,000 8% loan notes at par. The market rate of interest at the time of the issue was also 8%.How should the acquisition be presented in the statement of cash flows for the period?
A Investing activities:USD(400,000); Financing activities:USD400,000 B Investing activities:USD(400,000); Financing activities:Nil C Investing activities:Nil; Financing activities:USD400,000 D Investing activities:Nil; Financing activities:Nil
