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Mogull Ltd Provides the Following Information for the Period Ended

Question 33

Multiple Choice

Mogull Ltd provides the following information for the period ended 30 June 2015: $0 Interest expense 80 Opening balance interest payable 30 Closing balance interest payable 45 Debentures (liability)  premium amortisation 2 Income tax expense 18 Opening balance income tax payable 6 Closing balance income tax payable 9 Opening balance deferred tax asset 5 Closing balance deferred tax asset 8 Dividend revenue 19 Opening balance of dividend receivable 8 Closing balance of dividend receivable 7\begin{array}{|l|r|}\hline & \$ 0 \\\hline \text { Interest expense } & 80 \\\hline \text { Opening balance interest payable } & 30 \\\hline \text { Closing balance interest payable } & 45 \\\hline \text { Debentures (liability) premium amortisation } & 2 \\\hline \text { Income tax expense } & 18 \\\hline \text { Opening balance income tax payable } & 6 \\\hline \text { Closing balance income tax payable } & 9 \\\hline \text { Opening balance deferred tax asset } & 5 \\\hline \text { Closing balance deferred tax asset } & 8 \\\hline \text { Dividend revenue } & 19 \\\hline \text { Opening balance of dividend receivable } & 8 \\\hline \text { Closing balance of dividend receivable } & 7\\\hline\end{array} What are the cash flows from interest,dividends and tax for the period?


A) Cash outflow from interest $97 000; cash inflow from dividends $18 000; cash outflow tax $24 000
B) Cash outflow from interest $67 000; cash inflow from dividends $20 000; cash outflow tax $12 000
C) Cash outflow from interest $63 000; cash inflow from dividends $4000; cash outflow tax $18 000
D) Cash outflow from interest $7000; cash inflow from dividends $20 000; cash outflow tax $16 000

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