If Profit Is $53 000 and Increases in the Current

question 28

Multiple Choice

If profit is $53 000 and increases in the current assets,inventory and debtors,over the period total $18 000,net cash inflow from operating activities is:

• A)$18 000
• B)$71 000
• C)$35 000
• D)$53 000

Explain the acquisition cost components of property, plant, and equipment.

Identify the proper accounting treatment for the costs associated with fixed assets.

Master the calculation of depreciation using different methods and understand the factors influencing the choice of method.

Understand the concept of depreciable life, residual value, and how they affect depreciation calculations.

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Definitions:

Ethical Reasoning

The process of evaluating what is morally right or wrong in a given situation, often guiding decision-making and behavior.

Organizational Culture

The set of shared values, beliefs, standards, and practices that characterizes an organization and guides its employees' behaviors.

Shared Beliefs

Common values or perceptions held by members of a group, team, or organization that influence their behaviors and decision-making.

Behaviour Guide

A framework or set of instructions aimed at shaping or modifying human actions.