The accountant of F Co is preparing the statement of cash flows using the direct method for reporting cash flows from operating activities. The following information is available at 31 March 20X7: Particulars$Sales750,000Purchases400,000Trade receivables at 31 March 20X7184,000Trade receivables at 1 April 20X6163,000Trade payables at 31 March 20X7102,000Trade payables at 1 April 20X6111,000 What will be disclosed as cash receipts from customers in the statement of cash flows for the year ended 31 March 20X7?

An extract from the statement of cash flows for the year ended 31 December 20X7 for Top Trades Co shows: Net cash from operating activities = $995,000; Net cash used in investing activities = ($540,000); Net cash used in financing activities = ($200,000); Net increase in cash and cash equivalents = $255,000. Which of the following statements is correct according to this extract?

At 1 November 20X5, the non-current assets of Field had a carrying amount of $2,758,940. During the year to 31 October 20X6, assets with a carrying amount of $273,790 were sold at a loss of $15,850, and new assets costing $568,900 were purchased. What figure should appear for net cash used in investing cash flows in the statement of cash flows for the year ended 31 October 20X6?