From the following Balance Sheets and Profit and Loss Statement prepare the Cash Flow Statement for the
Question:
From the following Balance Sheets and Profit and Loss Statement prepare the Cash Flow Statement for the year 2016–17
Transcribed Image Text:
Balance Sheet as at 31st March (Amount in *) A. Assets Non-current assets Property, plant & equipment Current assets Cash and bank Current investments Inventories Trade receivables Other current assets Total B. Equity & liabilities Equity Share capital Other equity Non-current liabilities Long-term borrowings Current liabilities Bank overdraft Provision for tax Outstanding expenses Trades payables Total 2016 1,700,000 106,250 85,000 1,117,750 1,317,500 127,500 4,454,000 2,125,000 510,000 637,500 127,500 34,000 1,020,000 4,454,000 2017 2,635,000 51,000 144,500 1,394,000 1,479,000 85,000 5,788,500 2,550,000 1,275,000 510,000 55,250 187,000 42,500 1,168,750 5,788,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To prepare a cash flow statement for the year 20162017 we will follow the indirect method starting with the net profit for the year and adjusting for ...View the full answer
Answered By
Shaira grace
I have experience of more than ten years in handing academic tasks and assisting students to handle academic challenges. My level of education and expertise allows me communicate eloquently with clients and therefore understanding their nature and solving it successfully.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In 2013 collected $25,000 from customers for sales made in 2012 and $210,000 for sales made in 2013 . In 2014 it collected $23,000 from customers for sales made in 2013. At that point, all 2012 and...
-
The following balance sheets and income statement were taken from the records of Rosie-Lee Company: Rosie-Lee Company Income Statement For the Year Ended June 30, 2010 Sales ...........$ 920,000...
-
The comparative balance sheets of Glacier Corporation showed the following at December 31. The income statement for 2017 was as follows: Glacier Corporation income statement For the Year Ended...
-
How does the trade-off between decision management and decision control affect the form that an absorption cost system takes within a particular firm?
-
Jeff Bowman and Kristi Emery, who have ending capital balances of $100,000 and $60,000, respectively, agree to admit two new partners to their business on August 18, 20--. Dan Bridges will buy...
-
The concept of adequate disclosure continues to be one of the most important issues facing accountants, and disclosure may take various forms. Required: a. Discuss the various forms of disclosure...
-
Defendant Monty J. Person began working for Garage Solutions, LLC, in March 2015. Three months into his employment, Person was sent by the owner of Garage Solutions, Mark Fontenot, to Rexburg, Idaho,...
-
1. Assume you are a financial analyst who works for a major brokerage company that is heavily invested in Bre-X Minerals. a. In what ways would investigating management and directors help determine...
-
1. Write an integral using cylindrical coordinates that represents the volume between the surfaces z=x+ y and z = 6-x - y.
-
Mr. Know-It-All is the chairman and managing director (CMD) for New Age Limited that completed its first year of operations on 31st March 2018. Mr. Kuber is the chief financial officer (CFO) of the...
-
Finvest Limited investments in corporate bonds amounting to 12 million. These investments were classified as FVTOCI in line with the business model of the company. With the change in the business...
-
In addition to money, what are the three overlapping variables that control an election for judicial office?
-
Theodor Adorno and Henry Jenkins come to different conclusions about how audiences interact with and are affected by popular culture. Using their ideas and examples from the documentary Trekkies 2,...
-
what you believe to be the major problem. In your response to this discussion board, type the problem you will address and describe what kind of problem it is: management, HR, etc. Then pose 3...
-
On Wednesday, Tom, a vintage car dealer, placed an advertisement in a weekly motor sports magazine offering to sell a Triumph TR6 for 10,000, cheque accepted. Chris saw the advertisement on Thursday...
-
In doing a five-year analysis of future dividends, the Dawson Corporation is considering the following two plans. The values represent dividends per share. Use Appendix B for an approximate answer...
-
Your parents live in a hotspot for COVID 19 where case counts are surging, but they only listen to news that puts a positive spin on the pandemic. What kind of listening are they employing?
-
A management consulting company presents a three-day seminar on project management to various clients. The seminar is basically the same each time it is given. However, sometimes it is presented to...
-
In the current year, the City of Omaha donates land worth $500,000 to Ace Corporation to induce it to locate in Omaha and create an estimated 2,000 jobs for its citizens. a. How much income, if any,...
-
A marketing manager is considering opportunities to export her firms current consumer products to several different countries. She is interested in getting secondary data that will help her narrow...
-
The marketing manager for Audiotronics Software Company is seeking new market opportunities. He is focusing on the voice recognition market and has narrowed down to three segments: the Fearful...
-
Explain what is meant by a hierarchy of needs and provide examples of one or more products that enable you to satisfy each of the four levels of need.
-
A beam of light travels from a vacuum into water at an angle of 45. The light has a frequency of 6.00 x 1014 Hz and travels at a speed of 2.26 x 108 m/s in water. The speed of light in a vacuum is...
-
31 g (20%) A three-mirror ring cavity has mirrors with R = R = 0.8 and R = 0.9 which are separated at 12 = 0.5 m and 123 = 3 = 0.3 m. A glass rod that has a length of 1 = 0.2 m and a refractive index...
-
Car Crash Investigation Background information: A collision occurred involving two vehicles on Route 28 N. The speed limit in this zone is 45 mph. A 2011 Honda Odyssey minivan was stopped at the...
Study smarter with the SolutionInn App