Question: 3- Design a data flow diagram to pay the customer in a commercial bank consisting of 4 data sources and destinations, 8 data flows and

3- Design a data flow diagram to pay the customer in a commercial bank consisting of 4 data sources and destinations, 8 data flows and one transfer process
 3- Design a data flow diagram to pay the customer in

"Question 1" "Allocated Mark - 10 marks The comparative balance sheets (FY 2019 and FY 2020) and the income statement (FY 2020) for Abdul Co, as shown below. Abdul Company Comparative Balance Sheet December 31, 2020 and 2019 2029 2019 Assets Cash Accounts receivable, net Inventory Land Building and equipment Accumulated depreciation Total assets $ 25.000 $20.000 60,000 70,000 80.000 100.000 50,000 50.000 130,000 115.000 (85.000) (70.000 $260.000 $285.000 Liabilitics and Stockholders' Equity Accounts payable Income taxes payable Wages payable Current notes payable Common stock Retained earnings Total liabilities and stockholders' equity $ 30,000 $ 35.000 4.000 3.000 5.000 3.000 50.000 60.000 110,000* 100.000 61.000 84.000 $260.000 $285.000 * During 2019 cash payments for building and equipment S15,000 During 2019 cash paid for retirement of notes payable $10,000 During 2019 cash received from issuance of stock Abdul Company Income Statement For the Year Ended December 31, 2020 Sales ISS00.000 Less expenses: Cost of goods sold $330.000 Selling and administrative expenses 90.000 includes depreciation of $15,000) Interest expense 5.000 Total expenses 425.000 Income before taxes $ 75.000 Income tax expense 30.000 Net income 5145.00 Note: Cash dividends of $68,000 were paid during 2019. Required Prepare the statement of cash flows for 2019 of Abdul Company (10 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!