职上网在线题库 > ACCA英国注册会计师试题 > F3 > Chapter20-23 > A company...

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

扫码查看暗号，即可获得解锁答案！

在此输入暗号

点击获取答案

Chapter22Statementsofcashflows

A loss on disposal of a non-current asset is added back as an adjustment in the calculation of cash flows from operating

activities (using the indirect method), and the cash received from the disposal is included within cash flows from investing

activities

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

最新试题

该科目易错题

该题目相似题

T Tallon had the following transactions: 1 Sale of goods on credit for $150 to F Rogit 2 Return of goods from B Blendigg originally sold for $300 in cash to B Blendigg What are the correct ledger entries to record these transactions? ADr Receivables $150 Dr Sales Returns $300 Cr Sales $150 Cr Cash $300BDr Sales $150 Dr Cash $300 Cr Receivables $150 Cr Sales Returns $300CDr Receivables $450 Cr Sales $150 Cr Sales Returns $300DDr Sales Returns $300 Dr Sales $150 Cr Cash $450
What is the total of the sales day book?A$544B$589C$534D$579
Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700What are the correct ledger entries to ?ADr Purchases $450 Dr Purchase Returns $700 Cr Cash $450 Cr Trade Payables $700BDr Purchases $450 Dr Trade Payables $700 Cr Purchase Returns $1,150 CDr Purchases $450 Dr Trade Payables $250 Cr Purchase Returns $700DDr Purchase Returns $700 Dr Purchases $450 Cr Trade Payables $1,150
An accountant has inserted all the relevant figures into the trade payables account, but has not yet balanced off the account.TRADE PAYABLES ACCOUNT $ $Cash at bank 100,750 Balance b/d 250,225Purchases 325,010Assuming there are no other entries to be made, other than to balance off the account, what is the closing balance on the trade payables account?A$474,485 DRB$575,235 DRC $474,485 CRD$575,235 CR
A company with an accounting date of 31 October carried out a physical check of inventory on 4 November 20X3, leading to an inventory value at cost at this date of $483,700.Between 1 November 20X3 and 4 November 20X3 the following transactions took place:1 Goods costing $38,400 were received from suppliers.2 Goods that had cost $14,800 were sold for $20,000.3 A customer returned, in good condition, some goods which had been sold to him in October for $600 and which had cost $400.4 The company returned goods that had cost $1,800 in October to the supplier, and received a credit note for themWhat figure should appear in the company's financial statements at 31 October 20X3 for closing inventory, based on thisinformation?.A$458,700B $505,900C$508,700D$461,500
Which of the following correctly describe the entry in the sales account for a sale for a sales tax registered trader?ACredited with the total of sales made, including sales taxBDebited with the total of sales made, including sales taxCDebited with the total of sales made, excluding sales taxDCredited with the total of sales made, excluding sales tax
Net profit was calculated as being $10,200. It was later discovered that capital expenditure of $3,000 had been treated as revenue expenditure, and revenue receipts of $1,400 had been treated as capital receipts.What is the net profit after correcting this error?A$5,800B$8,600C$11,800D$14,600
Part of a company's draft statement of cash flows is shown below: $!000Net profit before tax 8,640Depreciation charges (2,160)Proceeds of sale of non-current assets 360Increase in inventory (330)Increase in accounts payable 440The following criticisms of the above extract have been made:1 Depreciation charges should have been added, not deducted.2 Increase in inventory should have been added, not deducted.3 Increase in accounts payable should have been deducted, not added.4 Proceeds of sale of non-current assets should not appear in this part of the statement of cash flows.Which of these criticisms are valid?A2 and 3 onlyB1 and 4 onlyC1 and 3 onlyD2 and 4 only
What figure for non-controlling interest should appear in the consolidated statement of financial position of the Hilton group at 31 December 20X3?A$77,000B$85,000C$73,000D$105,000
A company has the following details extracted from its statement of financial position： $'000Inventories 1,900Receivables 1,000Bank overdraft 100Payables 1,000The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry have a current ratio lower than the norm.Which of the following statements accurately describes the company’s liquidity position?ALiquidity appears to be well managed as the bank overdraft is relatively lowBLiquidity appears to be poorly-controlled as shown by the large payables balanceCLiquidity appears to be poorly-controlled as shown by the company’s relatively high current ratioD Liquidity appears to be poorly-controlled as shown by the existence of a bank