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.
Step by Step Answer:
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie