All India Management Association (AIMA) 2007 M.B.A Marketing Management Accounting for ision Making – I - Question Paper
Friday, 01 February 2013 11:00Web
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Cash received from sales 9,28,000
Royalties received 12,500
Cash paid to suppliers and employees 5,45,000
Office rent paid 1,30,000
Dividend paid 42,000
The net cash flow from operating activities for 2007-08 was
(a) Rs.2,58,500
(b) Rs.3,00,500
(c) Rs.2,65,500
(d) Rs.2,88,000
(e) Rs.2,53,000.
( 2 marks)
26. Which of the subsequent is treated as an extraordinary item in the income statement of a company?
(a) Bad debts written off
(b) Loss on sale of asset
(c) Cash discount allowed
(d) Depreciation on assets
(e) Occurrence of fire in the company.
( 1 mark)
27. Inventories should be valued at
(a) Market value
(b) Current cost
(c) Net realizable value
(d) Nominal value
(e) Lower of cost or Net Realizable Value.
( 1 mark)
28. Balances with Customs and Port Trust, comes under the head
(a) Loans and advances in the balance sheet
(b) Current liabilities and Provisions in the balance sheet
(c) Miscellaneous expenditure in the balance sheet
(d) Investments in the balance sheet
(e) Fixed assets in the balance sheet.
( 1 mark)
29. Operating expenses does not include
(a) Selling expenses
(b) Administrative expenses
(c) Bad debts
(d) Cash discount allowed
(e) Loss on sale of investments.
( 1 mark)
30. Which of the subsequent items is a financing activity in a cash flow statement?
(a) Payment to acquire shares
(b) Payment of dividend tax
(c) Dividends received
(d) Payments to employees
(e) Acquisition of long lived assets.
( 1 mark)
31. Brij Manufacturing Ltd., had the subsequent activities relating to its stock investments during 2007-08:
• Acquired 2,000 shares in Bhuvan Ltd., for Rs.26,000.
• Sold an investment for Rs.35,000 when the carrying value was Rs.33,000.
• Acquired 5-year Fixed deposit for Rs.50,000. (During the year, interest of Rs.3,750 was received.)
• Collected dividends of Rs.1,200 on investments.
As per the statement of cash flows, the net cash outflow from investing activities of Brij Manufacturing Ltd., for the year 2007-08 was
(a) Rs.37,250
(b) Rs.38,050
(c) Rs.39,800
(d) Rs.36,050
(e) Rs.41,000.
( 2 marks)
32. Which of the subsequent practices does not amount to revenue manipulation to inflate the earnings?
(a) Vendor financing
(b) Trade loading
(c) Channel stuffing
(d) Overstating the allowance for uncollectible accounts
(e) Not recognizing rebates.
| Earning: Approval pending. |
