Saints Ltd Is Preparing a Statement of Cash Flows for the Year

question 4

Multiple Choice

Saints Ltd is preparing a statement of cash flows for the year ended 30 June 2014.You are the accountant of the entity and have collected the following data:
$$\begin{array} { | l | r | } \hline \text { Gain on sale of equipment } & 12000 \\\hline \text { Proceeds from sale of equipment } & 20000 \\\hline \text { Purchase of government bonds (dated 30 June 2014, face value of \$400 000) } & 360000 \\\hline \text { Dividends declared } & 90000 \\\hline \text { Dividends paid } & 76000 \\\hline \text { Proceeds from issue of share capital } & 150000 \\\hline\end{array}$$
What is the amount of net cash used in investing and financing activities respectively?

• A) $20 000; ($286 000)
• B) $(340 000); $74 000
• C) $(348 000); ($22 000)
• D) $(380 000); $74 000

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Definitions:

Unique Timing

The specific and individualized timing for actions or interventions that considers the most appropriate moment based on context and circumstances.

Dynamic Flow

The continuous movement and change in systems or processes, characterized by variations and interactions within the system.

Attuning

The process of becoming sensitive to, aware of, or in harmony with another person, entity, or environment.

Unitary Theory

A theoretical perspective in nursing that views the patient as an integrated whole, emphasizing the interconnectedness of the person, their health, and the environment.