1. UNISA
2. 2024
3. FAC1602-24-S1
4. Welcome Message
5. Assessment 5
QUIZ
Assessment 5
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Question 1 Which of the following alternatives represents the correct amount that must be disclosed as proceeds
Answer saved
from loans from members under cash ows from nancing activities section in the statement of cash
Marked out of
1.00 ows for Kroonz Steel CC for the year ended 31 August 2023?
V Flag
question
a. R (133,800)
o b. R (152,000)
o c. R 133,800
@
d. R 152,000
o
Clear my choice
Question 2 1c- Which one of the following alternatives is correct about the main objective of a
Answer saved Statement of Cash Flows?
Marked out of
1.00
© a. It provides information on the cash in ows and out ows during the year.
V Flag
question o b. It provides information primarily on the pro tability from operations.
o c. It offers detailed insights into the entity’s equity changes over the scal year.
o d. It is used to calculate the entity’s tax obligations.
o e. It only details the entity's future nancial expectations.
Clear my choice
,Question 27 2an - Which one of the following alternatives is correct regarding pro tability ratios?
Answer saved
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1.00
© a. They provide measures of success in generating comprehensive income.
p
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o b. They compare current assets to long-term liabilities.
question
1--- o c. They indicate how pro table the company's investments are for its debtors.
o d. They measure the entity's long-term nancial stability.
o e. They are primarily concerned with the entity’s ability to pay dividends and
donations.
Clear my choice
, 2c- Which one of the following alternatives is correct regarding the relationship between a
Statement of Cash Flows and other financial statements?
o a.
It is an independent report that does not connect with the entity's overall financial
performance.
© b. It complements other financial statements and uses information from them.
o c. It does not relate to or use information from other financial statements.
o d. It serves as a substitute for the income statement.
o e. It is derived exclusively from the statement of financial position.
Clear my choice
Question 29 3an - Which one of the following statements is correct about the liquidity ratios?
Answer saved
Marked out of o a. They measure the entity’s ability to meet long-term financial obligations.
1.00
© b. They provide information about an entity's ability to meet its short-term financial
Flag question obligations.
o c. Liquidity ratios assess the profitability of a company.
o d. They are irrelevant to short-term creditors of the entity.
o e. They only include the debt-equity and times interest earned ratios.
Clear my choice
Question 30 3c- Which one of the following statements is correct regarding non-cash transactions in a Statement
Answer saved of Cash Flows?
Marked out of
1.00 a. Non-cash transactions include cash received from the sale of machinery.
o
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© b. Depreciation is an example of a non-cash transaction that is adjusted for in the cash flow
statement.
o c. Non-cash transactions are primarily reported in the operating activities section.
o d. Non-cash transactions reflect the actual cash available at the end of the period.
o e. All entries in a Statement of Cash Flows are considered non-cash.
Clear my choice
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4an - Which one of the following is a correct description of the acid test ratio?
Answer saved
Marked out of
o a. It is used to determine the profitability of the entity’s investments.
1.00
Flag o b. It measures the entity's total assets against total liabilities.
question
o c. It measures how quickly a company can pay off its long-term debts without raising further capital.
© d. It assesses the extent to which current liabilities are covered by liquid assets, excluding inventories.
o e. It is the same as the current ratio but includes inventory.
Clear my choice
Question 32 4c- What does the indirect method of preparing a Statement of Cash Flows primarily involve?
Answer saved
Marked out of
1.00
© a. Adjusting the net profit for non-cash transactions and changes in working capital.
o b. Calculating cash flows by only considering changes in cash and cash equivalents.
Flag
question c. Focusing solely on cash transactions related to financing activities.
o
o d. Directly listing cash receipts and payments from operating activities.
o e. Only using data directly extracted without adjustments from the statement of profit or loss.
Clear my choice
Question 33 5an - Which of the following best describes the significance of the debt-equity ratio in financial analysis?
Answer saved
Marked out of
o a. It calculates how long it takes for an entity to pay its creditors.
1.00
o b. It determines the number of times an entity's inventory is sold and replaced over a year.
Flag
question c. It measures the amount of comprehensive income generated per dollar of sales.
o
© d. It measures the proportion of equity to debt used to finance an entity's assets.
o e. It indicates the total amount of assets financed by shareholders.
Clear my choice
2. 2024
3. FAC1602-24-S1
4. Welcome Message
5. Assessment 5
QUIZ
Assessment 5
Open course index
Open block drawer
Back
Question 1 Which of the following alternatives represents the correct amount that must be disclosed as proceeds
Answer saved
from loans from members under cash ows from nancing activities section in the statement of cash
Marked out of
1.00 ows for Kroonz Steel CC for the year ended 31 August 2023?
V Flag
question
a. R (133,800)
o b. R (152,000)
o c. R 133,800
@
d. R 152,000
o
Clear my choice
Question 2 1c- Which one of the following alternatives is correct about the main objective of a
Answer saved Statement of Cash Flows?
Marked out of
1.00
© a. It provides information on the cash in ows and out ows during the year.
V Flag
question o b. It provides information primarily on the pro tability from operations.
o c. It offers detailed insights into the entity’s equity changes over the scal year.
o d. It is used to calculate the entity’s tax obligations.
o e. It only details the entity's future nancial expectations.
Clear my choice
,Question 27 2an - Which one of the following alternatives is correct regarding pro tability ratios?
Answer saved
Marked out of
1.00
© a. They provide measures of success in generating comprehensive income.
p
Flag
o b. They compare current assets to long-term liabilities.
question
1--- o c. They indicate how pro table the company's investments are for its debtors.
o d. They measure the entity's long-term nancial stability.
o e. They are primarily concerned with the entity’s ability to pay dividends and
donations.
Clear my choice
, 2c- Which one of the following alternatives is correct regarding the relationship between a
Statement of Cash Flows and other financial statements?
o a.
It is an independent report that does not connect with the entity's overall financial
performance.
© b. It complements other financial statements and uses information from them.
o c. It does not relate to or use information from other financial statements.
o d. It serves as a substitute for the income statement.
o e. It is derived exclusively from the statement of financial position.
Clear my choice
Question 29 3an - Which one of the following statements is correct about the liquidity ratios?
Answer saved
Marked out of o a. They measure the entity’s ability to meet long-term financial obligations.
1.00
© b. They provide information about an entity's ability to meet its short-term financial
Flag question obligations.
o c. Liquidity ratios assess the profitability of a company.
o d. They are irrelevant to short-term creditors of the entity.
o e. They only include the debt-equity and times interest earned ratios.
Clear my choice
Question 30 3c- Which one of the following statements is correct regarding non-cash transactions in a Statement
Answer saved of Cash Flows?
Marked out of
1.00 a. Non-cash transactions include cash received from the sale of machinery.
o
Flag question
© b. Depreciation is an example of a non-cash transaction that is adjusted for in the cash flow
statement.
o c. Non-cash transactions are primarily reported in the operating activities section.
o d. Non-cash transactions reflect the actual cash available at the end of the period.
o e. All entries in a Statement of Cash Flows are considered non-cash.
Clear my choice
Previous page Next page
, Stuvia.com - The study-notes marketplace
4an - Which one of the following is a correct description of the acid test ratio?
Answer saved
Marked out of
o a. It is used to determine the profitability of the entity’s investments.
1.00
Flag o b. It measures the entity's total assets against total liabilities.
question
o c. It measures how quickly a company can pay off its long-term debts without raising further capital.
© d. It assesses the extent to which current liabilities are covered by liquid assets, excluding inventories.
o e. It is the same as the current ratio but includes inventory.
Clear my choice
Question 32 4c- What does the indirect method of preparing a Statement of Cash Flows primarily involve?
Answer saved
Marked out of
1.00
© a. Adjusting the net profit for non-cash transactions and changes in working capital.
o b. Calculating cash flows by only considering changes in cash and cash equivalents.
Flag
question c. Focusing solely on cash transactions related to financing activities.
o
o d. Directly listing cash receipts and payments from operating activities.
o e. Only using data directly extracted without adjustments from the statement of profit or loss.
Clear my choice
Question 33 5an - Which of the following best describes the significance of the debt-equity ratio in financial analysis?
Answer saved
Marked out of
o a. It calculates how long it takes for an entity to pay its creditors.
1.00
o b. It determines the number of times an entity's inventory is sold and replaced over a year.
Flag
question c. It measures the amount of comprehensive income generated per dollar of sales.
o
© d. It measures the proportion of equity to debt used to finance an entity's assets.
o e. It indicates the total amount of assets financed by shareholders.
Clear my choice
