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Question 30 of 74 1 Points Entrance fees that are capitalised are regarded as a receipt. A. Capital B. Revenue C. Personal D. Real Roser Selection Part 1 of 1 - Question 31 of 74 1 Points Membership fees are treated as receipt. A. Real B. Capital c. Personal D. Revenue Resel Selection estion 32 of 74 1 Points on the face of the Membership fees outstanding will be disclosed as statement of financial position. A. None of the above B. Equity C. Assets D. Liabilities Rene Selection The following information was provided to you by Mapiano dance club. Prepare the refreshment trading account Sales R18 000 Inventory 1 July 2019 R2 000 Inventory: 30 June 2020 R3 500 Purchases R8 100 Wages for the preparation of refreshments R3 300. What is the amount of the net profit from the trading account of Mapiano dance club? A.R7 800 B. R8 100 C. R9 600 D. R11 400 Reset Section A statement of cash flows includes: A. Investing activities B. All of the above c. Financing activities D. Operating activities Reset Selection SOVE In the statement of cash flows, when a firm invests in fixed assets and long-term financial investments, the result will be: A. An increase in liabilities B. A decrease in cash C. An increase in cash D. An increase in equity Pese Selection hp 1 Points A further capital contribution by the owner during the year A. Decreases cash B. Increases cash C. Increases liabilities D. Decreases equity Resel Selection Question 38 of 74 1 Points The proceeds from the sale of assets from investing activities in the cash flow statement: A. Increases cash B. Increases liabilities C. Increases investments D. Decreases cash Regel Selechon Question 39 of 74 1 Points The cash flow statement indicate: A. Only cash inflows to the entity B. Only cash outflows from the entity C. Cash paid to suppliers D. Both cash inflows and cash outflows Besel Selection a Question 40 of 74 1 Points The statement of cash flow clarifies cash flows according to: A. Investing and non-operating flows B. Operating, investing and financing activities C. Operating and non-operating flows D. Inflow, outflow and horizontal flows Reset Selection

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