The following transactions were undertaken by Voyager Ltd during the financial year ended 30 June 2024 (ignore

Question:

The following transactions were undertaken by Voyager Ltd during the financial year ended 30 June 2024 (ignore GST):

1. Took out a new long term loan, \($1\)  000  000.

2. Purchased a building to be held for future expansion for \($900\) 000 cash.

3. Paid off a long-term \($360\) 000 loan plus interest of \($32\) 000.

4. Sold \($480\) 000 inventory with a cost price of \($200\) 000.

5. Paid cash dividends of \($220\) 000.

6. Purchased commercial property, giving \($120\) 000 cash and signing a mortgage loan for \($400\) 000.

7. Invested in an ancillary business for \($400\) 000 cash.

8. Sold a long-term government bond, with a carrying amount of \($100\) 000, for \($188\) 000, including \($12\) 000 accrued interest.

9. Paid operating expenses \($100\) 000 cash.


Required

(a) Prepare the net cash flow used in investing activities section of the statement of cash flows using the classification shown in illustrative example A of IAS 7/AASB 107.

(b) Prepare the net cash used in financing activities section of the statement of cash flows using the classification shown in illustrative example A of IAS 7/AASB 107.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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