The following statement of financial position has been prepared for Kareena Beauty Sdn. Bhd for TWO...

 

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The following statement of financial position has been prepared for Kareena Beauty Sdn. Bhd for TWO (2) consecutive years. Statement of Financial Position as at 31 March 2014 and 31 March 2015 2015 2014 RM RM RM RM Non-Current Assets Building 2,000,000 1,900,000 Depreciation (800,000) (770,000) 1,200,000 1,130,000 Current Assets Inventory 300,000 320,000 Accounts receivable 410,000 460,000 Cash at bank 30,000 50,000 740,000 1,940,000 830,000 1,960,000 Bond payable 500,000 Retained earnings 1,140,000 800,000 1,040,000 1,640,000 1,840,000 Current Liability Account payable 300,000 1,940,000 Additional information incurred in 31st March 2015 as follows; i. ii. Net income was RM70,000. Depreciation expense on building was RM60,000. Required: (a) Prepare cash flow statement of Kareena Beauty Sdn. Bhd. 120,000 1,960,000 (15 marks) The following statement of financial position has been prepared for Kareena Beauty Sdn. Bhd for TWO (2) consecutive years. Statement of Financial Position as at 31 March 2014 and 31 March 2015 2015 2014 RM RM RM RM Non-Current Assets Building 2,000,000 1,900,000 Depreciation (800,000) (770,000) 1,200,000 1,130,000 Current Assets Inventory 300,000 320,000 Accounts receivable 410,000 460,000 Cash at bank 30,000 50,000 740,000 1,940,000 830,000 1,960,000 Bond payable 500,000 Retained earnings 1,140,000 800,000 1,040,000 1,640,000 1,840,000 Current Liability Account payable 300,000 1,940,000 Additional information incurred in 31st March 2015 as follows; i. ii. Net income was RM70,000. Depreciation expense on building was RM60,000. Required: (a) Prepare cash flow statement of Kareena Beauty Sdn. Bhd. 120,000 1,960,000 (15 marks)

Answer rating: 100% (QA)

To prepare the cash flow statement for Kareena Beauty Sdn Bhd we need to use the indirect method and classify the cash flows into operating activities ... View the full answer