题目

A draft statement of cash flows contains the following calculation of cash flows from operating activities:

                                                                                            $m

Profit before tax                                                                   13

Depreciation                                                                         2

Decrease in inventories                                                       (3)

Decrease in trade and other receivables                              5

Decrease in trade payables                                                  4

Net cash inflow from operating activities                              21

Which of the following corrections need to be made to the calculation?

1 Depreciation should be deducted, not added.

2 Decrease in inventories should be added, not deducted.

3 Decrease in receivables should be deducted, not added.

4 Decrease in payables should be deducted, not added

A

1 and 3

B

2 and 3

C

1 and 4

D

2 and 4

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Chapter22Statementsofcashflows

2 and 4. Decrease in inventories should be added, decrease in payables should be deducted.

多做几道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

 The accruals concept

C

The going concern concept

D

 The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

 The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1 and 2

B

2 and 3

C

 1 and 4

D

3 and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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