Exam 16: Disclosure: Statement of Cash Flows

XYZ Limited has the following ledger account balances: Income tax payable opening balance $47,000; closing balance $29,000.The amount of tax expense accrued at the end of the year was $22,000.The amount that has been paid during the year to the taxation authorities for incomes taxes is:

All of the following items must be separately disclosed in the Statement of Cash Flows,except:

Sunshine Limited had a profit after tax of $55,000 for the financial year.Included in this profit was a depreciation expense of $7,000 and a gain on sale of investments of $1,500.Accounts receivable increased by $2,800; inventories increased by $900 and accounts payable increased by $6,300.The cash flow from operating activities amounted to:

During the financial year River Gums Limited had sales of $46,000.The opening balance of accounts receivable was $11,000 and the closing balance was $14,600.Bad debts amounting to $800 were written off during the period.The cash receipts from customers during the year amounted to:

Operating activities in a Statement of Cash Flows are generally associated with:

Which of the following items is classified as part of 'operating activities' in the Statement of Cash Flows?

When presenting the reconciliation from profit to net cash from operating activities:

Which of the following items is classified as a 'financing activity' in the Statement of Cash Flows?

All of the following are limitations of the statement of cash flows,except:

The following information is required to be disclosed in a note to the statement of cash flows,except:

Items classified as financing activities on an entity's Statement of Cash Flows are usually associated with:

Which of the following items is classified as part of 'investing activities' in the Statement of Cash Flows?

Howard Limited had profit of $33,000 during the financial year.Included in profit was a depreciation expense of $14,000.Across the year accounts receivable increased by $11,000 and accounts payable increased by $5,000.The amount of cash flow from operating activities is:

A comprehensive method that reverses or adjusts the non-cash movements of each statement of financial position account in a spreadsheet is known as the:

Which of the following items would be presented in a Statement of Cash Flows?

According to AASB 107 Statement of Cash Flows,which of the following items does not fall within the definition of cash?

During the financial year,Henry Limited has a cost of sales amounting to $305,000.Opening balances were: inventory $42,000; accounts payable $32,000.Closing balances were: inventory $47,000; accounts payable $24,000.A discount of $2,000 for prompt payment was received.The amount of cash paid for goods purchased during the year was:

The statement of cash flows is not used to: