快速查题-ACCA英国注册会计师试题

The following information is available for Sioux, a limited liability company：Statements of financial position

1 During the year non-current assets which had cost $800,000, with a carrying amount of $350,000, were sold for $500,000.

2 The revaluation surplus arose from the revaluation of some land that was not being depreciated.

3 The 20X3 income tax liability was settled at the amount provided for at 31 December 20X3.

4 The additional loan notes were issued on 1 January 20X4. Interest was paid on 30 June 20X4 and 31 December 20X4.

5 Dividends paid during the year amounted to $750,000.

Prepare the company's statement of cash flows for the year ended 31 December 20X4, using the indirect method, adopting

the format in IAS 7 Statement of cash flows.

Geofost is preparing its statement of cash flows for the year ended 31 October 20X7. You have been presented with the

following information.

GEOFOST

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 OCTOBER 20X7

Profit from operations            15,730

Finance cost                            (730)

Profit before tax                     15,000

Taxation                                 (4,350)

Profit for the year                   10,650

Required

Prepare a statement of cash flows for Geofost for the year ended 31 October 20X7 in accordance with IAS 7 Statement of

cash flows, using the indirect method.

 The statement of financial position as at 31 October 20X6

The balance of the account is the proceeds of sale of some plant on 1 January 20X4 with a carrying amount at the date of sale of $700,000 and which had originally cost $1,400,000. No other accounting entries have yet been made for the disposal apart

from the cash book entry for the receipt of the proceeds. Depreciation on plant has been charged at 25% (straight line basis)

in preparing the draft statement of financial position without allowing for the sale. The depreciation for the year relating to the

plant sold should be adjusted for in full.

The items listed below should be apportioned as indicated. 

 Cost of Distribution Administrativesales costs expenses

                                             %                      %                           %

Discounts received              -                         -                         100

Energy expenses               40                      20                          40

Wages                                40                      25                          35

Directors' remuneration      -                       -                             100

An invoice of $15,000 for energy expenses for October 20X7 has not been received.

During the year dividends paid were $270,000.