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Antium Limited Draws Up Its Statement of Cash Flows Using

Question 12

Multiple Choice

Antium Limited draws up its statement of cash flows using the direct method. The company presents you with the following figures:
£ Cost of sales for the year to 30 April 2019 888,765Purchases for the year to 30 April 2019 894,321 Trade payables at 30 April 2018 78,650 Discounts received for the year to 30 April 2019 10,225 Trade payables at 30 April 2019 81,254 Purchase returns for the year to 30 April 2019 32,777\begin{array}{lc}& £ \\ \text { Cost of sales for the year to 30 April 2019 } &888,765 \\ \text {Purchases for the year to 30 April 2019 } &894,321 \\ \text { Trade payables at 30 April 2018 } &78,650 \\ \text { Discounts received for the year to 30 April 2019 } &10,225 \\ \text { Trade payables at 30 April 2019 } &81,254 \\ \text { Purchase returns for the year to 30 April 2019 } &32,777\end{array} What was the cash paid to suppliers during the financial year to 30 April 2019?


A) £843,159
B) £848,715
C) £853,923
D) £869,165

Correct Answer:

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