Condensed financial data of Sinjh SA follow.Additional information:1. New equipment

Condensed financial data of Sinjh SA follow.Sinjh SA Comparative Statements of Financial Position December 31 Assets 2020 2019 Equipment Accumulated depreciation-eqEquity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable

Additional information:
1. New equipment costing €80,000 was purchased for cash during the year.
2. Old equipment having an original cost of €57,500 and accumulated depreciation of €50,000 was sold for €12,500 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of €43,900 was declared and paid during the year.

Prepare a statement of cash fl ows using the indirect method.

A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...