This document consists of 11 printed pages and 1 blank page.
© UCLES 2008
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education Advanced Level
Paper 3 Multiple Choice
Multiple Choice Answer Sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
READ THESE INSTRUCTIONS FIRST
Write in soft pencil.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Write your name, Centre number and candidate number on the Answer Sheet in the spaces provided
unless this has been done for you.
There are thirty questions on this paper. Answer all questions. For each question there are four possible
answers A, B, C and D.
Choose the one you consider correct and record your choice in soft pencil on the separate Answer Sheet.
Read the instructions on the Answer Sheet very carefully.
Each correct answer will score one mark. A mark will not be deducted for a wrong answer.
Any rough working should be done in this booklet.
Calculators may be used.
© UCLES 2008
The following information has been taken from a trader’s accounts for the year ended
loss on sale of fixed assets
increase in working capital
What is the net cash flow from operating activities?
A $38 100
B $74 500
C $78 300
D $103 100
The following extracts are taken from the financial statements of a company for the year to
operating profit before depreciation
depreciation for the year
What is the operating cash flow for year 2?
A $1 203 000
B $1 213 000
C $1 237 000
D $1 313 000
A company redeems 1000 preference shares of $1.00 each at a premium of 10 %. The shares