MOCK 21 ANSWER SHEET Nguyễn Hoàng Nam

PART 1: MULTIPLE CHOICE QUESTIONS - FILL YOUR ANSWER IN THE COLORED BOX BELOW:
1 B
2 A
3 A
4 D
5 B
6 D
7 A
8 D
9 A
10 A
11 B
12 A
13 A
14 C
15 A
16 AD
17 C
18 B
19 A
20 B
21 B
22 D
23 B
24 A

PART II

Statement of cash flows for the year ended 30 June 20X8

£
Cash flows from operating activities SCHEMES REAL SCORES
Profit before tax 46,000 3
Finance costs 6,000 3
Depreciation 23,000 3
Gain / loss on sale of property, plant and equipment (2,000) 3
Gain / loss on sale of intangible assets 0
Movement in inventories (1,000) 3
Movement in trade receivables 8,000 3
Movement in trade payables 8,000 3
Movement in accruals 250 3
Movement in provisions (2,000) 3
Cash generated from operations 86,250
Income tax paid (3,000) 3
Interest paid (6,250) 3
Net cash from / used in operating activities 77,000

Cash flows from investing activities

Purchase of property, plant and equipment (57,000) 3
Purchase of investments (50,000) 1
Proceeds from sale of property, plant and equipment 10,000 3
Net cash from / used in investing activities (97,000)

Cash flows from financing activities

Proceeds from issue of shares 45,000 3
Dividends paid (10,000)
Movement in borrowings (5,000) 3
Net cash from / used in financing activities 30,000

Net increase / decrease in cash and cash equivalents 10,000

Cash and cash equivalents at beginning of year 10,000 1
Cash and cash equivalents at end of year 20,000 1
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1 Debtors Profit at first 6 months Athur Bernie
7,290 200 120 60
910 (20) 100 60
22,490 180 220 120
23,460 Profit at 6 months later
200

7,350
Charlie

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