Question: prepare complete cash flow statement using the direct method, include operating investing and financing sections Parmar Express Ltd For the Year Ended June 30, 2018

prepare complete cash flow statement using the direct method, include operating investing and financing sections
Parmar Express Ltd For the Year Ended June 30, 2018 Revertues insert (1/ here 303,0003 Sales revenue interest revenue Sales revenue+ interest revenue insert 2) here t Total revenues Expinses Cost of goods sold Salaries expense Amortization espense Other operating expenses 17,500 insert (4) here ncome tax experde Total espenses Net income Parmar Express Ltd. Balance Sheet June 30, 2018 and 2017 2018 2017 Current assets: s 6,200 27,300 1,750 57,200 750 94,200 43,900 56,000 Cash and cash equivalents Accounts recevable Interest receivable S 5,900 32,100 2,100 43,900 Prepaid expenses 86,500 69,800 Total current assets Plant and equipment, net Land Total Assets Current liabilities: 28,800 5,100 6,900 15,900 7.700 64,400 95,000 5 159,400 31,400 4,400 3,700 13,800 Accounts payable Interest payable Salaries payable Other accrved llabilities Income tax payable Total current labilities Notes payable Total Liablities Shareholders' Equity 62,200 68,400 50,200 5 118,600 35,600 $ 39,700 199,100 Common shares Retained earnings Total Shareholders Equity $ 258,300 Total Liabilities and Shareholders' Equity There are no capital asset dispositions and no repurchase of common shares 1) a the last 3 digts of your student number 12)- your street address (not including appt a)- four or five digits 13)- the last 6 digits of your student number (4)-your birth month x 1000 Required: Prepare the complete 2018 cash flow statement, formatting operating activities by the direct method
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
