Answer:
(9,594)
Explanation:
The net cash movement during a period the sum of cashflow from operations (CFO), cashflow from investing activities (CFI) and cashflow from financing (CFF) activities. On the other hand, that net cash movement is also calculated as the difference between end of year cash position and start of year cash position. Given that, we have the equation as below:
End of year cash position - Start of year cash position = CFO + CFI + CFF
Putting all the number together, we have:
7,102 - 6,836 = 15,435 - 5,575 + CFF
Solve the equation, we have CFF = (9,594)
It would be a debit to FOH (Factory Overhead).
Answer:
D. During the current fiscal period or a reasonable time after year-end defined by each individual government.
Explanation:
Modified accrual basis makes use of the accrual and cash basis of accounting.
It is used to monitor flow of funds in government finance books.
The resource recognition is done as defined by the government within the fiscal year or after.
Estimation of cash flow is done as soon as funds is available to fund government expenditure.
