cashflow

It seems that you did not read the page before starting the mock exam. The questions in the test are taken at random from a bank of questions and so every time you take the test you are likely to get different questions. What you had as question 44 will not be the same as what other people got (and so I have no idea which question you got!). Also, as the page did explain, you could have found the correct answers immediately you had finished the test.

ohh i am really sorry i didnt know the questions were different. i did see the correct answer but i dont understand how to get. the question states " what is the figure for 'acquisition of non-current assets' to appear in the statement?" (statement-SCF) DETAILS GIVEN: 1)S.F.P as at 31 dec 2013 2013 2012 $000 $000 NCA 84,000 32,000 2) the depreciation expense for the year was $8,200,000. i found out that these informations only relates about NCA. the correct answer is 52200. how do i work out the answer?

The opening balance is 32,000. This will reduce by the depreciation of 8,200. Also, it will increase by the revaluation of 8,000 (a revaluation reserve appeared this year, so there must have been a revaluation). This would give a closing balance of 32,000 + 8,000 - 8,200 = 31,800. However, since the actual closing balance is 84,000, there must have been acquisitions of 84,000 - 31,800 = 52,200.

ahh.k now i understood. i didnt check on the revaluation. :( thanks alot again

You are welcome :-)