Condensed financial data of Sinjh SA follow. Additional information: 1. New equipment costing 80,000 was purchased for

Question:

Condensed financial data of Sinjh SA follow. Sinjh SA Comparative Statements of Financial Position December 31 Assets 2020 2019 Equipment Accumulated depreciation-eq Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable

Additional information:
1. New equipment costing €80,000 was purchased for cash during the year.
2. Old equipment having an original cost of €57,500 and accumulated depreciation of €50,000 was sold for €12,500 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of €43,900 was declared and paid during the year.

Instructions
Prepare a statement of cash fl ows using the indirect method.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...

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