Fertilizer

In: Miscellaneous

Submitted By blake
Words 610
Pages 3
SOLUTION

ADMINISTRATION 285

Sample Final Exam

Question 1 (Marks 10)

1. d 2. b or c 3. a 4. c 5. d 6. e 7. d 8. d 9. c 10. b

Question 2 (Marks 18)
Andrews Company Ltd.
Cash Flow Statement
For the year ending December 31

|Operating Activities | | |
| Net income |$ 24,000 | |
|Non cash items | | |
|Amortization expense |33,000 | |
|Gain capital assets |(5,000) | |
|Loss on long-term investments |4,000 | |
|Change in working capital items: | | |
|Accounts payable |6,000 | |
|Accounts receivable |4,000 | |
|Inventory |20,000 | |
|Interest payable |(2,000) | |
|Income taxes payable |15,000 |$ 99,000 |
|Investing Activities | | |
| Sale of L.T. investments |$24,000 | |
|Purchase of capital assets |(288,000) | |
|Sale of capital assets…...

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