Tibur Limited Draws Up Its Statement of Cash Flows Using

question 21

Multiple Choice

Tibur Limited draws up its statement of cash flows using the direct method. The company presents you with the following figures:
$\begin{array}{lc}&£ \\ \text {Statement of profit or loss total expenses for the year } &25,663 \\ \text { Depreciation charge for the year } &10,591 \\ \text { Accruals at 31 December 2018 } &1,892 \\ \text { Prepayments at 31 December 2019 } &1,425 \\ \text { Accruals at 31 December 2019 } &2,718 \\ \text { Prepayments at 31 December 2018 } &879\end{array}$ What was the cash paid for expenses during the financial year to 31 December 2019?

• A) £12,766
• B) £14,792
• C) £15,352
• D) £17,378

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Definitions:

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