Free BA3 Exam braindumps download (BA3 exam dumps Free)

QUESTION: 131

Which of the following is an example of a transaction that affects profit, but does not affect cash?

Purchase of raw materials
Cost of electricity consumed in the period
Profit and loss on disposal of a non-current asset
Interest on bank loans

Answer(s): C

QUESTION: 132

Refer to the exhibit.

In a statement of cash flows, which three of the following would be found under the section "cash flows from investing activities"?

A, D and F
B, C and E
C, D and E
A, B and F

Answer(s): B

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QUESTION: 133

Which of the following is an example of where the historic cost convention should be applied?

A potential bad debt of $8,000.
Raw materials purchased for $2.50 per kg now costing $2.60 per kg.
Expenditure on research and development.
A change to the method used to value inventory and work in progress.

Answer(s): B

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QUESTION: 134

Which of the following would be a role of the financial accountant?

Meeting management reporting requirements
Monitoring actual results to expected results
Meeting external reporting requirements
Producing budgets for the future

Answer(s): C

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QUESTION: 135

The correct journal entries for subscriptions paid in advance is:

Debit: Receivables account Credit: Subscriptions account
Debit: Subscriptions accounts Credit: Payables
Debit: Receivables Credit: Cash
Debit: Cash Credit: Payables

Answer(s): B

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Free BA3 Exam Braindumps Fundamentals of Financial Accounting Questions 131–135 (page: 28)

QUESTION: 131

QUESTION: 132

QUESTION: 133

QUESTION: 134

QUESTION: 135

Free BA3 Exam Braindumps
Fundamentals of Financial Accounting Questions 131–135 (page: 28)