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145.1 Which of the following items might appear in a company’s cash flow statement?
(1) Disposal proceeds from the sale of a director’s car
(2) The theft of items of inventory
(3) Recovery of a debt previously written off
(4) Dividends received
A 1, 2 and 3 only
B 1, 2 and 4 only
C 1, 3 and 4 only
D 2, 3 and 4 only
Sir, correct answer is C..In my opinion 1 isnt correct as director’s car doesnt relate to the business, this is his personal car.Am i right?One would normally assume that the director’s car was provided by the company!
And you have no choice but to assume that anyway, otherwise which of the answers would you choose!!!!
If there would be choice between alternatives including 3,4 it will be more acceptable?
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