Question: please do this question fast. and complete all question Trombone plc Extracts from financial statements for the year ended 319 December 2020 2019 E Statement


Trombone plc Extracts from financial statements for the year ended 319 December 2020 2019 E Statement of financial position as at 31 December 2120 2020 [ 764 180736 306 Non current assets Property, plant and equipment Current assets Inventory Trade receivables Bank 47 600 39,400 42950 47.750 8207 10095395357 10.403 365 133 1663 Total assets Equity Share capital Share pretium Revaluation reserve Retained earings 240.000 220 000 60.000 50.000 140.000 90.000 229 20 32966 669 243 680653 60.000 50.000 Non-current liabilities Loan stock Current liabilities Trade payables Income tax Provision for legal costs 33.450 55.000 57.140 48000 45000 365 133 891 663 for loss for the vear ended Juecember 2010 PIULUI Statement of profit or loss for the year ended 31 December 2020 Revenue 3 165,022 Cost of sales and operating expenses (2.910 857) Operating profit 254, 165 Profit on disposal of PPE 7,000 Finance costs (3.000) Profit before tax 258, 165 Income tax (64.541) Profit for the year 193 624 72 290 Depreciation included in Operating profit Requirements 3 a Prepare the 'Net cash flow from operating activities' secti 2 1 i DELL E72290 Depreciation included in Operating profit Requirements a. Prepare the 'Net cash flow from operating activities' section of Trombone ple's Statement of cash flows for the year ended 31" December 2020 19 marks) (This includes 1 mark available for correct title and format) b. Calculate the cash spent on property, plant and equipment for the year ended 31" December 2020 assuming the sale proceeds of the disposal in the Statement of profit or loss were 18,000. (4 marks) c Prepare the 'Net cash flow from financing activities' section of the Statement of cash flows for the year ended 31st December 2020 (4 marks) (Total Question 2 17 marks) Fill in your answer here Fom BI U XX LG 9:#0358 DALL
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
