During the Year, Penso Ltd Received $50 000 from Its

question 15

Multiple Choice

During the year, Penso Ltd received $50 000 from its customers, $5 000 for the sale of a motor vehicle and $20 000 for the issue of shares. It paid $27 000 to suppliers and employees, $3 000 for income tax and $50 000 for new machinery. In addition, it paid out $12 000 as loan repayments. Its cash balance at the commencement of the year was $19 000. What were the cash flows from financing activities?

• A) $8 000
• B) $20 000
• C) ($12 000)
• D) ($28 000)

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Definitions:

Kübler-Ross's Stages

A theory introduced by Elisabeth Kübler-Ross in her 1969 book "On Death and Dying," outlining five stages of grief: denial, anger, bargaining, depression, and acceptance.

Dying

The end stage of life in which bodily processes decline, leading to death.

Anger

An emotional response characterized by annoyance, displeasure, or hostility.

John Bowlby

A British psychologist and psychiatrist who is considered the father of attachment theory, which emphasizes the importance of early emotional bonds.