Fin621 VU Midterm Current Paper (May 2011)
Friday, May 13, 2011 Posted In .Midterm May 2011 Edit ThisFin621
CURRENT PAPER OF FIN-621
QUESTION:
What is the difference between expense and expenditure? (3)
Question:
What is the principle advantage of using direct method of cash flow statement? (3)
Question:
Why should company prefer to use LIFO instead of FIFO?
QUESTION:
Complete the table :
sales Beginning inventory Net purchases Ending inventory Cost of good sold Gross profit Operating expenses Net income
300,000 95,000 130,000 44000 ? 119,000 90000 ?
600,000 90,000 340,000 ? 330,000 ? ? 25000
Question:
Classify the following activities as cash flow from operating, investing and financing activities
1.proceed from issuing shares
2.interest received on loans
3.repayment of debt principal,capital lease
4.loans made and acquired of other firm's debt
5.divinded received from scurities.
QUESTION:
What is the difference between expense and expenditure? (3)
Question:
What is the principle advantage of using direct method of cash flow statement? (3)
Question:
Why should company prefer to use LIFO instead of FIFO?
QUESTION:
Complete the table :
sales Beginning inventory Net purchases Ending inventory Cost of good sold Gross profit Operating expenses Net income
300,000 95,000 130,000 44000 ? 119,000 90000 ?
600,000 90,000 340,000 ? 330,000 ? ? 25000
Question:
Classify the following activities as cash flow from operating, investing and financing activities
1.proceed from issuing shares
2.interest received on loans
3.repayment of debt principal,capital lease
4.loans made and acquired of other firm's debt
5.divinded received from scurities.
Another:
CURRENT PAPER OF FIN-621 DATED 12-05-2011
QUESTION:
What is the difference between expense and expenditure? (3)
Question:
What is the principle advantage of using direct method of cash flow statement? (3)
Question:
Why should company prefer to use LIFO instead of FIFO?
QUESTION:
Complete the table :
sales | Beginning inventory | Net purchases | Ending inventory | Cost of good sold | Gross profit | Operating expenses | Net income |
300,000 | 95,000 | 130,000 | 44000 | ? | 119,000 | 90000 | ? |
600,000 | 90,000 | 340,000 | ? | 330,000 | ? | ? | 25000 |
Question:
Classify the following activities as cash flow from operating, investing and financing activities
1.proceed from issuing shares
2.interest received on loans
3.repayment of debt principal,capital lease
4.loans made and acquired of other firm's debt
5.divinded received from scurities.
