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Mistril Ltd Provides the Following Information for the Period Ended

Question 24

Multiple Choice

Mistril Ltd provides the following information for the period ended 30 June 2015: $0 Interest revenue 50 Opening balance interest receivable 25 Closing balance interest receivable 15 Debentures (asset)  discount amortisation 6 Income tax expense 15 Opening balance income tax payable 29 Closing balance income tax payable 33 Opening balance deferred tax liability 9 Closing balance deferred tax liability 4 Dividend revenue 6 Opening balance of dividend receivable 9\begin{array}{|l|r|} \hline& \$ 0 \\\hline \text { Interest revenue } & 50 \\\hline \text { Opening balance interest receivable } & 25 \\\hline \text { Closing balance interest receivable } & 15 \\\hline \text { Debentures (asset) discount amortisation } & 6 \\\hline \text { Income tax expense } & 15 \\\hline \text { Opening balance income tax payable } & 29 \\\hline \text { Closing balance income tax payable } & 33 \\\hline \text { Opening balance deferred tax liability } & 9 \\\hline \text { Closing balance deferred tax liability } & 4 \\\hline \text { Dividend revenue } & 6 \\\hline \text { Opening balance of dividend receivable } & 9\\\hline\end{array} What are the cash flows from interest,dividends and tax for the period?


A) Cash inflow from interest $34 000; cash inflow from dividends $13 000; cash outflow tax $14 000
B) Cash inflow from interest $54 000; cash inflow from dividends $7000; cash outflow tax $16 000
C) Cash inflow from interest $66 000; cash inflow from dividends $7000; cash outflow tax $6000
D) Cash inflow from interest $84 000; cash inflow from dividends $25 000; cash outflow tax $82 000

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