Provision for tax is shown as a part of-----------activity

Related MCQs

• Which items are added in Current year profit to get Net profit before tax. I)Interim dividend II)Provision for tax III)Refund of tax IV)Transfer to reserves
• Income tax paid should be shown separately as the cash flows from----------- activities.
• The Moore Corporation is considering the acquisition of a new machine. The machine can be purchased for $90000; it will cost $6000 to transport to Moore’s plant and $9,000 to install. It is estimated that the machine will last 10 years, and it is expected to have an estimated salvage value of $5,000. Over its 10-year life, the machine is expected to produce 2,000 units per year, each with a selling price of $500 and combined material and labour costs of $450 per unit. Federal tax regulations permit machines of this type to be depreciated using the straight-line method over 5 years with no estimated salvage value. Moore has a marginal tax rate of 40%. What is the net cash flow for the tenth year of the project that Moore Corporation should use in a capital budgeting analysis?
• Total revenue from operations ₹27,00,000; Credit revenue from operations ₹18,00,000; Opening Debtors ₹3,20,000; Closing Debtors ₹4,00,000; Provision for Doubtful Debts ₹60,000. Trade Receivables Turnover Ratio will be :
• Buy back of shares is shown under-----------------------
• Cash payment suppliers of goods and services are shown under-------------.
• The objectives, procedures, organizational structure and authority and responsibility in writing about a budget is shown in
• When the concept of ratio is defined in respected to the items shown in the financial statements, it is termed as
• The ratio establishes the relationship between profit before interest and tax and fixed interest charges is .
• Quick assets do not include I)Prepaid Expense II)Advance Tax III)Marketable securities IV)Inventory