Homework Help is Here – Start Your Trial Now!
Business
Accounting
Question 1 Not yet answered Marked out of 1.00 Flag question A Statement of Cash Flows could be described as: Select one: A summary of the income and expenses and resultant profit or loss of a business for a reporting period. A summary of the assets and liabilities of a business at the end of the reporting period. ○ A summary of all payments and receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. A summary of the receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. Question 2 Not yet answered Investments that are convertible to cash such as at-call deposits, bank overdrafts on demand, bank bills and money-market deposits when they are near maturity, are examples of: Select one: Marked out of 1.00 Flag question Cash on hand Cash Holdings Profit O Cash Equivalents Question 3 Not yet answered Marked out of 1.00 Flag question The following is a summary of the receipts and payments for L. K's Business: Note: Assume 10% GST has been included where applicable. Receipts Payments 30/06/21 Cash Sales 33,000 30/06/21 Accounts Payable 63,800 Accounts Receivable 116,600 Wages 24,000 Westbank Finance 20,000 Equipment purchase 26,400 Capital - L. Kington 15,000 Westbank loan interest 1,000 Sale of Equipment 4,400 Operating Expenses 35,200 189,000 Drawings 30,000 GST paid to ATO 2,000 182,400 Based on the information provided within the table above, the Net Cash from Operating Activities is: Select one: 6,600 21,600 46,600 ○ 13,400

Question 1 Not yet answered Marked out of 1.00 Flag question A Statement of Cash Flows could be described as: Select one: A summary of the income and expenses and resultant profit or loss of a business for a reporting period. A summary of the assets and liabilities of a business at the end of the reporting period. ○ A summary of all payments and receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. A summary of the receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. Question 2 Not yet answered Investments that are convertible to cash such as at-call deposits, bank overdrafts on demand, bank bills and money-market deposits when they are near maturity, are examples of: Select one: Marked out of 1.00 Flag question Cash on hand Cash Holdings Profit O Cash Equivalents Question 3 Not yet answered Marked out of 1.00 Flag question The following is a summary of the receipts and payments for L. K's Business: Note: Assume 10% GST has been included where applicable. Receipts Payments 30/06/21 Cash Sales 33,000 30/06/21 Accounts Payable 63,800 Accounts Receivable 116,600 Wages 24,000 Westbank Finance 20,000 Equipment purchase 26,400 Capital - L. Kington 15,000 Westbank loan interest 1,000 Sale of Equipment 4,400 Operating Expenses 35,200 189,000 Drawings 30,000 GST paid to ATO 2,000 182,400 Based on the information provided within the table above, the Net Cash from Operating Activities is: Select one: 6,600 21,600 46,600 ○ 13,400

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.9E
See similar textbooks
icon
Related questions
Question
Question 1 Not yet answered Marked out of 1.00 Flag question A Statement of Cash Flows could be described as: Select one: A summary of the income and expenses and resultant profit or loss of a business for a reporting period. A summary of the assets and liabilities of a business at the end of the reporting period. ○ A summary of all payments and receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. A summary of the receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. Question 2 Not yet answered Investments that are convertible to cash such as at-call deposits, bank overdrafts on demand, bank bills and money-market deposits when they are near maturity, are examples of: Select one: Marked out of 1.00 Flag question Cash on hand Cash Holdings Profit O Cash Equivalents
Transcribed Image Text:Question 1 Not yet answered Marked out of 1.00 Flag question A Statement of Cash Flows could be described as: Select one: A summary of the income and expenses and resultant profit or loss of a business for a reporting period. A summary of the assets and liabilities of a business at the end of the reporting period. ○ A summary of all payments and receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. A summary of the receipts of cash by a business for a reporting period where the cash transactions are classified as Operating, Investing and Financing activities. Question 2 Not yet answered Investments that are convertible to cash such as at-call deposits, bank overdrafts on demand, bank bills and money-market deposits when they are near maturity, are examples of: Select one: Marked out of 1.00 Flag question Cash on hand Cash Holdings Profit O Cash Equivalents
Question 3 Not yet answered Marked out of 1.00 Flag question The following is a summary of the receipts and payments for L. K's Business: Note: Assume 10% GST has been included where applicable. Receipts Payments 30/06/21 Cash Sales 33,000 30/06/21 Accounts Payable 63,800 Accounts Receivable 116,600 Wages 24,000 Westbank Finance 20,000 Equipment purchase 26,400 Capital - L. Kington 15,000 Westbank loan interest 1,000 Sale of Equipment 4,400 Operating Expenses 35,200 189,000 Drawings 30,000 GST paid to ATO 2,000 182,400 Based on the information provided within the table above, the Net Cash from Operating Activities is: Select one: 6,600 21,600 46,600 ○ 13,400
Transcribed Image Text:Question 3 Not yet answered Marked out of 1.00 Flag question The following is a summary of the receipts and payments for L. K's Business: Note: Assume 10% GST has been included where applicable. Receipts Payments 30/06/21 Cash Sales 33,000 30/06/21 Accounts Payable 63,800 Accounts Receivable 116,600 Wages 24,000 Westbank Finance 20,000 Equipment purchase 26,400 Capital - L. Kington 15,000 Westbank loan interest 1,000 Sale of Equipment 4,400 Operating Expenses 35,200 189,000 Drawings 30,000 GST paid to ATO 2,000 182,400 Based on the information provided within the table above, the Net Cash from Operating Activities is: Select one: 6,600 21,600 46,600 ○ 13,400
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
SEE MORE TEXTBOOKS