• You can revisit questions and change your answers at any time during the exam.
• The only permitted characters for numerical answers are:
• Numbers
• One full stop as a decimal point if required
• One minus symbol at the front of the figure if the answer is negative.

For example: -10234.35

No other characters, including commas, are accepted.

## Navigating between questions

• Click Next Button to move to the next question.
• Click Previous Button to move back to the previous question.
• Click on a question number from the Exam Progress Details panel (see next page) to move directly to that question.
• A message will be displayed when you click to move away from a question which has been partially attempted. You can choose to stay on the question and review your answer(s) or continue.
• When reviewing your answer(s) for partially attempted questions ensure you read any message displayed in red text below the question in Section A or below the question
part(s) in Section B
.

Depay Co Case

Extracts from Depay’s financial statements for the year ended 30 September 20X2 are shown below.

Statement of profit or loss extract:                                                                      $000 Finance costs (60) Profit before tax 142 Income tax expense (57) Profit for the year 85 Statement of financial position extract: 20X2 20X1$000                                    $000 Retained earnings 900 940 5% loan notes 515 500 Deferred tax liability 150 125 Tax payable 30 40 Lease liabilities 300 310 The following information is relevant: 1. Depay disposed of some land during the year, which had a remaining revaluation surplus at disposal of$20,000.
2. $40,000 of the finance costs relate to the loan notes which are repayable at a premium, making the effective rate of interest 8%. The remaining interest relatesto the lease liabilities. 3. During the year, Depay received a dividend from a subsidiary. 4. Depay acquired$70,000 of new assets under lease agreements during the year. Depay makes annual payments under leases on 30 September each year.

1. What will be recorded in Depay’s statement of cash flows under dividends paid?
2. What will be recorded in Depay’s statement of cash flows under interest paid?
3. What will be recorded in Depay’s statement of cash flows under tax paid?
$........................ 4. Where should the dividend received be shown in Depay’s statement of cash flows? 5. How much should be shown within financing activities in respect of lease liabilities repaid?$........................