(1)、A business compiling its financial statements for the year to 31 July each year pays rent quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was increased from $60,000 per year to
$72,000 per year as from 1 October 2003.
What figure should appear for rent expense in the business income statement for the year ended 31 July 2004?
A $69,000
B $62,000
C $70,000
D $63,000
(2)、
Which of the following items could appear in a company’s cash flow statement?
1 Proposed dividends
2 Rights issue of shares
3 Bonus issue of shares
4 Repayment of loan
A 1 and 3
B 2 and 4
C 1 and 4
D 2 and 3 |