Quelpr
8 marksPublished Accounts and Statement of Cash Flows

CAPE Accounting Unit 1 · 2014 · Paper 2 · Question 3(c)

Extracts from the Statement of Comprehensive Income and Statement of Financial Position of Margaritaville Company are provided.

Prepare the operating activities section of the Statement of Cash Flows in accordance with IAS 7 (Section 7 of IFRS for SMEs) using the indirect method.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 3(a)(i)Name TWO users of the Statement of Cash Flows.[2 marks]
  2. 3(a)(ii)State ONE reason why EACH user named in (a)(i) would need a Statement of Cash Flows.[2 marks]
  3. 3(b)Classify the ten given items (i) to (x) under operating activity (indirect method), investing activity, financing activity, or significant non-cash investing…[10 marks]
  4. 3(d)State THREE limitations of accounting ratios.[3 marks]
  5. 3(e)(i)Calculate the Gross profit margin and state ONE meaning of your result.[2 marks]
  6. 3(e)(ii)Calculate the Times interest earned and state ONE meaning of your result.[2 marks]
  7. 3(e)(iii)Calculate the Earnings per share and state ONE meaning of your result.[2 marks]
  8. 3(e)(iv)Calculate the Price earnings ratio and state ONE meaning of your result.[2 marks]
  9. 3(e)(v)Calculate the Dividend payout and state ONE meaning of your result.[2 marks]

More practice: the rest of this paper · more Published Accounts and Statement of Cash Flows questions · all CAPE Accounting Unit 1 past papers