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What cash outflow figure should be included as interest paid within the net cash flow from operating activities for QQ for the year ended 20X2?
CORRECT TEXT The following information is extracted from QQ's statement of financial position at 31 March: Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1. The following information if included within QQ's statement of profit or loss for the year...
Which of the following is a characteristic of a defined contribution post-employment benefit scheme?
Which of the following is a characteristic of a defined contribution post-employment benefit scheme?A . The amount of the post-employment benefits paid to former employees depends on how well the scheme's investments have performed.B . The employer would make additional contributions into the scheme if the actuary predicted a shortfall...
Within OO's statement of cash flow for the year ended 31 March 20X2 which figures should be included to reflect the changes in working capital within the net cash flow from operating activities?
The following information is extracted from OO's statement of financial position at 31 March: Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1. The following information if included within OO's statement of profit or loss for the year ended 31...
ST has $20,000 of plant and machinery which was acquired on 1 April 20X0. Tax depreciation rates on plant and machinery are 20% reducing balance. All plant and machinery was sold for $12,000 on 1 April 20X2.
ST has $20,000 of plant and machinery which was acquired on 1 April 20X0. Tax depreciation rates on plant and machinery are 20% reducing balance. All plant and machinery was sold for $12,000 on 1 April 20X2. Calculate the tax balancing allowance or charge on disposal for the year ended...
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CORRECT TEXT The following information relates to AA . Extract of Trial Balance at 31 December 20X4; Notes (i) Inventory at 31 December 20X4 was valued at cost at $30. (ii) The loan which was received on 1 July 20X4 is repayable in 20X9. (iii) Corporate income tax represents an...
Which of the following would cause ST to become an associate investment of WX?
WX is considering an investment in ST. At 31 December 20X2 ST had the following balances in its statement of financial position: Which of the following would cause ST to become an associate investment of WX?A . WX purchases 15,000 of ST's $1 equity shares and 20,000 of ST's $1...
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CORRECT TEXT HI commenced business on 1 April 20X3. Sales in April 20X3 were $30,000. This is forecast to increase by 2% per month. Credit sales accounted for 50% of sales. Credit sales customers are allowed one month to pay; 75% of April credit customers paid on time. A further...
What figure should be included for corporate income tax paid in order to arrive at the net cash flow from operating activities?
CORRECT TEXT The following information is extracted from the statement of financial position for ZZ at 31 March 20X3: Included within cost of sales in the statement of profit or loss for the year ended 31 March 20X3 is $20 million relating to the loss on the sale of plant...
Which of the following is a characteristic of a defined contribution post-employment benefit scheme?
Which of the following is a characteristic of a defined contribution post-employment benefit scheme?A . The amount of the post-employment benefits paid to former employees depends on how well the scheme's investments have performed.B . The employer would make additional contributions into the scheme if the actuary predicted a shortfall...
