Direct plc provided the following information from its records for the year ended 30 September 20X9: Required:
Question:
Required:
Using the direct method of presentation, prepare the cash flows from the operating activities section of the Statement of cash flows for the year ended 30 September20X9.
Sales Cost of goods sold Other expenses Rent expense Dividends Amortisation expense PPE Advertising expense Gain on sale of equipment Interest expense 316,000 I 10400 72,000 14400 0,000 8,000 4,800 2520 320 20X9 Accounts receivable Unearned revenue Inventory 20X8 3,200 5,200 9,600 8,400 19,200 400 8,000 Prepaid advertising Accounts payable 1,200 8,80 Rent payable 0 ,200 Interest payable 40
Step by Step Answer:
000 Cash received from customers 316000 2000 1600 31...View the full answer
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Related Video
Unearned revenue is money received by an individual or company for a service or product that has yet to be provided or delivered. It can be thought of as a \"prepayment\" for goods or services that a person or company is expected to supply to the purchaser at a later date. As a result of this prepayment, the seller has a liability equal to the revenue earned until the good or service is delivered. This liability is noted under current liabilities, as it is expected to be settled within a year.
Students also viewed these Accounting questions
-
The Apex Company provided the following information from its financial records: What is the amount of the company's earnings per share? a. $1.02 b. $1.08 c. $0.96 d. $17.61 Common shares outstanding...
-
a) What is multicollinearity? What do perfect and imperfect mulitcollinearity mean? How do you b) How do perfect and imperfect multicollinearity affect estimation? Is it always a problem? c) What is...
-
The records of HKL Company provided the following information for the year ended 31 December 20X8: Additional information: a. Sold equipment for cash (cost, $ 15,000; accumulated depreciation, $...
-
Briefly explain the DHCP lease process. What packets are sent and when are they sent? (5 marks) Question 2 any three advantages of IPv6 over IPv4? How many classes are there in IPv4 and what is the...
-
How is a crisis likely to affect managerial activities and behavior?
-
The histograms show the number of pairs of shoes reported for 300 males and for 300 females. Descriptive statistics are also shown. a. Describe the shape of each histogram. b. Because of the shapes,...
-
Identify treatments and experimental units in the following scenarios. a. City A would like to evaluate whether a new employment training program for the unemployed is more effective compared to the...
-
The following selected financial data pertain to four unidentified companies: This financial information pertains to the following companies: a. Cable TV company b. Grocery store c. Accounting firm...
-
Discuss your experience with the creation of user and group accounts in other OSs such as Windows 10 or Windows Server 2019. What do you feel are some of the advantages and disadvantages of the...
-
In Example 4.4, we estimated a model relating number of campus crimes to student enrollment for a sample of colleges. The sample we used was not a random sample of colleges in the United States,...
-
The capital structure of Chavboro, a quoted company, during the years ended 31 October 2005 and 2006 was as follows: $ 6,000,000 ordinary shares of 50 cents ... 3,000,000 10% preferred shares of $1...
-
Almost Ready Ltd had extracted the following information from the statement of comprehensive income and statement of financial position (000s) for the year ended 30 September 20X9: Proceeds from...
-
Mark each statement. Justify each answer. In each part, A represents an n x n matrix. (T/F) The principal axes of a quadratic form x T Ax can be the columns of any matrix P that diagonalizes A.
-
A cube made of aluminum ( ( alpha = 2 4 = 2 4 x 1 0 ^ 6 / 1 0 - 6 / K ) ) has sides of 5 . 0 0 0 0 5 . 0 0 0 0 cm . . It is subjected to a temperature change of + 5 0 . 0 0 + 5 0 . 0 0 oC . . What...
-
Suppose we have a series circuit with three resistors and a source voltage of 1 5 volts. If the first two resistor values are R 1 = 1 k and R 2 = 8 . 1 k , solve for R 3 in terms of all the other...
-
A football is launched from a cannon aimed at angles of 7 5 degrees, 6 0 degrees, and 4 5 degrees. For which angle does the football travel the farthest, if there is no air resistance and the speed...
-
A car is being tested on a circular track having a radius of 5 0 0 m . At the moment the car's velocity is directed north, the car's acceleration is directed west and has a magnitude of 5 m / s ....
-
Ahmal needs to go shopping. He walks a distance L at an angletheta to the right of the y - axis ( i . e . East of North ) to get to the rst shop. He then walks straight west for a long distance D ,...
-
For the following recurrence, give a closed-form solution. You should not give an exact solution, but only an asymptotic solution (i.e., using notation). You may assume that n is a power of 2. Prove...
-
Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.
-
Explain the algebraic method for determining the break-even point.
-
The following are three KPIs for the retail sector: capital expenditure, expected return on new stores and customer satisfaction. Discuss two further KPIs that might be significant.
-
Discuss the major benefit to an investor from the UK Strategic Report.
-
Classify the following items into cost of sales, distribution costs, administrative expenses, other operating income or items to be disclosed after trading profit: (a) Personnel department costs (b)...
-
Victor Korchnoi bought a bond one month before a semi-annual coupon was due. The face value was $10,000 and the coupon rate 8.5%. At the time of purchase there were 34 coupons left and the YTM was 6%...
-
4. Consider a 30-year U.S. Treasury bond paying 4.5 percent coupon, and selling for $1010. What is the yield to maturity? Make sure to show your work. 5. A 30-year U.S. corporate bond with a 6...
-
A project's base case or most likely NPV is $44,000, and assume its probability of occurrence is 50%. Assume the best-case scenario NPV is 65% higher than the base case and assume the worst scenario...
Study smarter with the SolutionInn App