Use the Following Statement of fiNancial Position and Statement of Comprehensive

question 306

Multiple Choice

Use the following statement of financial position and statement of comprehensive income What is the net cash flow from financing activities for 2015?

• A) $260 cash outflow
• B) $325 cash outflow
• C) $800 cash inflow
• D) $1,220 cash inflow
• E) $1,860 cash inflow

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Definitions:

Mark-up

An enhancement to the price at which goods are bought to include expenses and profit.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.

Mark-up

The uplift on the initial cost of items to cover business overheads and secure earnings.

Construction Purchased Saws

The acquisition of saws for the purpose of using them in construction projects, considered a capital expense.