From the following Balance sheet and Income Statement of Himgiri Ltd , complete the Cash flow statement for the accounting year 2020 Balance sheet Income Statement for 2020 Particulars 2019 ( ) 2020 ( ) Particulars Amt ( ) Common Stock 50,000 1,50,000 Sales 1,00,000 Retained Earnings 1,00,000 1,20,000 COGS 15,000 loan 10 interest p a 81530 81530 Salary 15,000 Accounts Payables 20,000 30,000 Rent 12,000 Salary Payable 0 10,000 Interest 8153 TOTAL 251530 391530 Depreciation 11530 Cash 41530 71530 Tax 13,500 Accounts Receivables 70,000 80,000 PAT Net Income Inventory 40,000 50,000 Net Fixed Assets 1,00,000 1,90,000 TOTAL 251530 391530 Q1 What is the Net Income of Himgiri Ltd for the year 2020 Q2 In arriving at Cash Flow from Operating Activities using Indirect Method, what amount of non cash expense(s) are to be added back to the Net Income Q3 In arriving at Cash Flow from Operating Activities using Indirect Method, what amount of non operating expense(s) are to be added back to the Net Income Q4 What is the Cash flow from operating activities of Himgiri Ltd for the year 2020 Q5 What is Cash flow from investing activities of Himgiri Ltd for the year 2020 Q6 What is the Interest paid by Himgiri Ltd during the year 2020 Q7 What is the Dividend paid by Himgiri Ltd during the year 2020 Q8 What is the Cash flow from financing activities of Himgiri Ltd for the year 2020 Q9 Analyze the year 2020 Cash Flow Statement of Himgiri Ltd At what stage of business life cycle is Himgiri Ltd Support your answer with suitable arguments

Question: From the following Balance sheet and Income Statement of Himgiri Ltd., complete the Cash flow statement for the accounting year 2020. Balance sheet Income Statement

From the following Balance sheet and Income Statement of Himgiri Ltd., complete the Cash flow statement for the accounting year 2020.

Balance sheet			Income Statement for 2020
Particulars	2019 (₹)	2020 (₹)	Particulars	Amt (₹)
Common Stock	50,000	1,50,000	Sales	1,00,000
Retained Earnings	1,00,000	1,20,000	COGS	15,000
loan @10% interest p.a.	81530	81530	Salary	15,000
Accounts Payables	20,000	30,000	Rent	12,000
Salary Payable	0	10,000	Interest	8153
TOTAL	251530	391530	Depreciation	11530
Cash	41530	71530	Tax	13,500
Accounts Receivables	70,000	80,000	PAT/Net Income	??
Inventory	40,000	50,000
Net Fixed Assets	1,00,000	1,90,000
TOTAL	251530	391530

Q1	What is the Net Income of Himgiri Ltd for the year 2020?
Q2	In arriving at ‘Cash Flow from Operating Activities’ using Indirect Method, what amount of non-cash expense(s) are to be added back to the Net Income?
Q3	In arriving at ‘Cash Flow from Operating Activities’ using Indirect Method, what amount of non-operating expense(s) are to be added back to the Net Income?
Q4	What is the Cash flow from operating activities of Himgiri Ltd for the year 2020?
Q5	What is Cash flow from investing activities of Himgiri Ltd for the year 2020?
Q6	What is the Interest paid by Himgiri Ltd during the year 2020?
Q7	What is the Dividend paid by Himgiri Ltd during the year 2020?
Q8	What is the Cash flow from financing activities of Himgiri Ltd for the year 2020?
Q9	Analyze the year 2020 Cash Flow Statement of Himgiri Ltd. At what stage of business life cycle is Himgiri Ltd. Support your answer with suitable arguments.

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