Antium Limited Draws Up Its Statement of Cash Flows Using

question 9

Multiple Choice

Antium Limited draws up its statement of cash flows using the direct method. The company presents you with the following figures:
$\begin{array}{lc}& £ \\ \text { Cost of sales for the year to 30 April 2019 } &888,765 \\ \text {Purchases for the year to 30 April 2019 } &894,321 \\ \text { Trade payables at 30 April 2018 } &78,650 \\ \text { Discounts received for the year to 30 April 2019 } &10,225 \\ \text { Trade payables at 30 April 2019 } &81,254 \\ \text { Purchase returns for the year to 30 April 2019 } &32,777\end{array}$ What was the cash paid to suppliers during the financial year to 30 April 2019?

• A) £843,159
• B) £848,715
• C) £853,923
• D) £869,165

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Definitions:

Making More Money

The pursuit or process of increasing one's income or financial assets.

Class

A group of people within society who share similar socio-economic status, often characterized by their wealth, occupation, and social standing.

Status

The relative social, professional, or other standing of someone or something within a society or social group.

Party

A social gathering of invited guests, typically involving eating, drinking, and entertainment, or a political organization seeking to achieve power.