Dunrobin Industries Ltd which uses IFRS had the following

transactions #1585
Dunrobin Industries Ltd., which uses IFRS, had the following transactions during its most recent
fiscal year.1. Acquired raw materials inventory.2. Declared a cash dividend on common
shares.3. Collected cash from tenants for rents.4. Acquired a 4% interest in a supplier
company’s shares accounted as FV-NI. (Management’s intention is not to trade the shares.)5.
Made the annual contribution to the employees’ pension plan.6. Leased new equipment under
a finance lease.7. Leased additional office space under an operating lease.8. Paid the semi-
annual interest on outstanding debentures and amortized the associated premium.9. Paid the
supplier for the acquisition in (1.) above.10. Acquired land by issuing preferred shares.11. Paid
the car dealership for a new fleet of vehicles for the sales staff.12. Collected a dividend on the
investment made in (4.) above.13. Sold the old fleet of sales vehicles at an amount in excess of
their carrying amount.14. Distributed additional shares following a declaration of a 5% stock
dividend.Dunrobin Industries Ltd. has adopted the policy of classifying dividends received as
investing activities, dividends paid as operating activities, and interest paid as a financing
activity on the cash flow statement. InstructionsIdentify each transaction listed above as (a) An
operating activity, (b) An investing activity, (c) A financing activity, (d) A significant non-cash
investing or financing activity, or (e) None of these options. Where there are choices or options
in the classification, provide details of the options available.View Solution:
Dunrobin Industries Ltd which uses IFRS had the following transactions

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