Cabarita Ltd is involved in manufacturing swimming pool accessories. Cabarita Ltds statements of financial position for the
Question:
Cabarita Ltd is involved in manufacturing swimming pool accessories. Cabarita Ltd’s statements of financial position for the years ending 30 June 2023 and 30 June 2024 are presented below.
Cabarita Ltd
Statement of profit or loss of profit or loss and other comprehensive income (extract) of Cabarita Ltd for the year ending 30 June 2024:
REQUIRED
Prepare a statement of cash flows for Cabarita Ltd for the year ending 30 June 2024. Comparatives are not required. Ignore tax effects.
Transcribed Image Text:
Assets Cash Accounts receivable Allowance for doubtful debts Property, plant and equipment 2024 2023 ($000) ($000) 96 36 (12) 156 Accumulated depreciation property, plant and equipment (36) 60 (8) 120 (20)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
To determine the original cost of the asset disposed we are told that the property had a carrying am...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
3.72. Show that m = = 3.73 Comput10 i pn+1 pm r-1 positive
-
The major financial statements of Ten Peaks Coffee Company Inc. from its 2013 annual report are included in Exhibits 1-11A to C. Note that its fiscal year end is December 31, 2013. Required: a. Find...
-
Comparative statements of financial position for Gold Ltd on 30 June 2017 and 2018 are presented below. Examination of the companys statement of profit or loss and other comprehensive income and...
-
Define pros and cons of the current transportation strategy of BEST and elaborate recommendations.
-
Explain how a recession in Latin America may affect aggregate demand in the U.S. economy.
-
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2012: Factory rent ............ $42,000 Company advertising ......... 18,000 Wages paid to...
-
Discuss the legal and ethical issues involved in Roe v. Wade.
-
Transactions made by Morlan and Co., a law firm, for the month of March are shown on the next page. Prepare a tabular analysis which shows the effects of these transactions on the accounting...
-
Crown Brewing issued new shares in 2021 but some investors had not paid their capital\ contribution by December 31st, 2021. Hence, Crown Brewing recognizes a contributed capital\ receivable. No other...
-
The following table summarizes the operating results for Bene Petits first year of operations: Bene Petit First year operating data: Single (1 serving) Dual (2 servings) Family (4 servings) Total...
-
What might motivate an organisation to present interest expense as part of cash flows from financing activities, rather than as part of operating activities?
-
Pty Ltd is a manufacturer of tennis equipment and fashion wear. The statement of financial position as at 30 June 2024 and details of expenses and revenues for the year ending 30 June 2024 are as...
-
The___________ controls balance, muscle movement, and coordination.
-
The balance sheet for McCormick Co. is as follows: Assets Liabilities and Equity Net Fixed Assets = $400,000 Long-term Liabilities = $150,000 Current Assets = $250,000 Current Liabilities = $100,000...
-
XYZ company's $2.00 per share dividend paid at the end of the previous year is expected to grow at 5% constant rate, what is the current value of the share of stock? If the stock is currently selling...
-
How much arbitrage profit can you make before transaction costs based on the exchange rate quotations of SC$/$ = C$1.2500/$, S$/ = $1.5000/, and S/C$ = 0.5100/C$? Assume that you start with...
-
Given that forward contracts have high default risk, list three main reasons any rational trader might prefer to trade a forward contract rather thanan identical future contract of same maturity. [3...
-
The strategic alternatives presented by MMI in December 2006 essentially offer two choices. The first option is to adopt greater leverage either directly in BCO or through a leveraged buyout. The...
-
The probability that fewer than 35 people support theprivatization of Social Security A discrete random variable is given. Assume the probability of the random variable will be approximated using the...
-
Time Solutions, Inc. is an employment services firm that places both temporary and permanent workers with a variety of clients. Temporary placements account for 70% of Time Solutions' revenue;...
-
An inexperienced accountant prepared this condensed income statement for McDowell Company, a retail firm that has been in business for a number of years. As an experienced, knowledgeable accountant,...
-
The trial balance of Dealer's Choice Wholesale Company contained the accounts shown at December 31, the end of the company's fiscal year. Adjustment data:1. Depreciation is $8,000 on buildings and...
-
At the end of Snyder Department Stores fiscal year on November 30, 2012, these accounts appeared in its adjusted trial balance. Freight-in ........... $ 5,060 Inventory (beginning) ........ 41,300...
-
When you blow air on the log in Problem 1, its temperature rises from 800 C to 950 C. How much thermal radiation does it emit now? P950C=i P800C
-
2. The figure below shows a pair of lenses that act as an objective lens for a telescope: 2.28 UNITS: mm The first lens has radii and thickness R1 = 52.52 mm, d = 2.30 mm, R = -25.731 mm and is...
-
1. A beam of light is incident from air into glass as shown in the diagram. The angles of incidence and refraction are measured to be 0 = 30 and 02 = 20. Air Glass (a) What is the index of refraction...
Study smarter with the SolutionInn App