Acca financial Accounting (FA) Study Text ac ca (FA)

How much will appear in the statement of cash flows for the year 

ended 31 December 2005 in respect of income tax? 

A $50,000 

B $53,000 

C $57,000 

D $60,000 

97  Evans had the following balances in its statement of financial positions as 

at 30 June 2004 and 2005: 

 

2004 2005 

10% Loan notes 

$150,000  $130.000 

Share capital 

$100,00  $120,000 

Share premium 

$35,000 

$45,000 

How much will appear in the statement of cash flows for the year 

ended 30 June 2005 under the heading of ‘Financing activities’? 

$________ 

 

 

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PRACTICE QUESTIONS 

492

 

KAPLAN PUBLISHING

 

The following information relates to Questions 98 and 99. 

Scents had the following balances in its statements of financial position as at 

30 September 2004 and 2005: 

 

2004 2005 

Loan interest accrual 

$5,000 

$3,000 

Approved ordinary dividends 

$20,000 

$25,000 

10% Loan notes 

$100,000 

$100,000 

Ordinary share capital 

$150,000 

$150,000 

8% Preference share capital 

$50,000 

$50,000 

98