From the following Balance Sheets and Profit and Loss Statement prepare the Cash Flow Statement for the
Question:
From the following Balance Sheets and Profit and Loss Statement prepare the Cash Flow Statement for the year 2016–17
Transcribed Image Text:
Balance Sheet as at 31st March (Amount in *) A. Assets Non-current assets Property, plant & equipment Current assets Cash and bank Current investments Inventories Trade receivables Other current assets Total B. Equity & liabilities Equity Share capital Other equity Non-current liabilities Long-term borrowings Current liabilities Bank overdraft Provision for tax Outstanding expenses Trades payables Total 2016 1,700,000 106,250 85,000 1,117,750 1,317,500 127,500 4,454,000 2,125,000 510,000 637,500 127,500 34,000 1,020,000 4,454,000 2017 2,635,000 51,000 144,500 1,394,000 1,479,000 85,000 5,788,500 2,550,000 1,275,000 510,000 55,250 187,000 42,500 1,168,750 5,788,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
To prepare a cash flow statement for the year 20162017 we will follow the indirect method starting with the net profit for the year and adjusting for ...View the full answer
Answered By
Shaira grace
I have experience of more than ten years in handing academic tasks and assisting students to handle academic challenges. My level of education and expertise allows me communicate eloquently with clients and therefore understanding their nature and solving it successfully.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In 2013 collected $25,000 from customers for sales made in 2012 and $210,000 for sales made in 2013 . In 2014 it collected $23,000 from customers for sales made in 2013. At that point, all 2012 and...
-
The following balance sheets and income statement were taken from the records of Rosie-Lee Company: Rosie-Lee Company Income Statement For the Year Ended June 30, 2010 Sales ...........$ 920,000...
-
The comparative balance sheets of Glacier Corporation showed the following at December 31. The income statement for 2017 was as follows: Glacier Corporation income statement For the Year Ended...
-
How does the trade-off between decision management and decision control affect the form that an absorption cost system takes within a particular firm?
-
Jeff Bowman and Kristi Emery, who have ending capital balances of $100,000 and $60,000, respectively, agree to admit two new partners to their business on August 18, 20--. Dan Bridges will buy...
-
Below are the results of a survey of 1364 individuals who were asked if they use social media and other websites to voice their opinions about television programs. a. Show a joint probability table....
-
6. Discuss the relative merits of including risk adjustments in cash flow or in discount ratesespecially for high-growth companies in emergingmarkets.
-
Assume that you are working with the results from Problems 11.29 and 11.30. a. What is the value of the test statistic for the interaction effect? b. What is the value of the test statistic for the...
-
Way Corporation disposed of the following tangible personal property assets in the current year. Assume that the delivery truck is not a luxury auto. Calculate Way Corporations 2020 depreciation...
-
Mr. Know-It-All is the chairman and managing director (CMD) for New Age Limited that completed its first year of operations on 31st March 2018. Mr. Kuber is the chief financial officer (CFO) of the...
-
Finvest Limited investments in corporate bonds amounting to 12 million. These investments were classified as FVTOCI in line with the business model of the company. With the change in the business...
-
Explain the main features of Title VII, the Equal Pay Act, the Pregnancy Discrimination Act, the Americans with Disabilities Act, and the Civil Rights Act of 1991.
-
Notation Using the weights (Ib) and highway fuel consumption amounts (mi/gal) of the 48 cars listed in Data Set 35 "Car Data" of Appendix B, we get this regression equation: = 58.9 - 0.00749x, where...
-
Week 11-Final Exam: Chapters 5-7 Question 15 of 30 -135 Current At in Ppm 06-20 10%.onthe 1110077 OORE Textbook and M DOLL F T 19 19 Q w A R T Y 3 . 9 4 S D 4 G H A L x N M Cu T
-
We have two samples: sample 1 n= 39 -X= 98.2 S= 15.9 sample 2 n=31 -X=119.2 S= 23.0 begin testing whether u1
-
Discuss charitable purpose trusts under Section 3(1), Charities Act 2011.
-
Amadeus Corporation is considering the issue of a new product to be added to its product mix. They hired you, a recent business graduate from MacEwan, for conducting the analysis. The production line...
-
Let A be an upper triangular matrix. Show that A is non-singular if and only if all the entries on the main diagonal of A are nonzero.
-
$10,000 was borrowed at 3.5% on July 17. The borrower repaid $5000 on August 12, and $2000 on September 18. What final payment is required on November 12 to fully repay the loan?
-
A marketing manager is considering opportunities to export her firms current consumer products to several different countries. She is interested in getting secondary data that will help her narrow...
-
The marketing manager for Audiotronics Software Company is seeking new market opportunities. He is focusing on the voice recognition market and has narrowed down to three segments: the Fearful...
-
Explain what is meant by a hierarchy of needs and provide examples of one or more products that enable you to satisfy each of the four levels of need.
-
) A form used to organize and check data before preparing financial reports is known as a(n):A) statement of financial position.B) income statement.C) ledger. D) worksheet.2) Bringing account...
-
16) The entry to record the payment of office salaries would be: A) Debit Cash; Credit Salaries PayableB) Debit Cash; Credit Salaries ExpenseC) Debit Salaries Expense; Credit Accounts PayableD) Debit...
-
9) The general journal:A) is the book of original entry.B) is the book of final entry.C) contains account balances.D) is completed after the closing entries.10) The process of initially recording...
Study smarter with the SolutionInn App