Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company presents the following balance sheet and income statement for the year 2019: Balance sheet IB UB Income statement 1 Machines & Inventors 880

A company presents the following balance sheet and income statement for the year 2019: Balance sheet IB UB Income statement 1 Machines & Inventors 880 670 Net sales 870 Joventa.xx 510 585 Cost of goods sold -655 Accounts receivable 210 165 Other external expenses. -260 Prepaid expenses and accrued income 70 88 Personnel.costs -480 Cash and bank 440 310 Depreciation -210 2 1 Operating profit 265 Summa tillgngar 110 818 Interest income 5 IB UB Interest expenses -22 Share capital Retained earnings Profit for the year 100 100 Profit after financial items. 248 123 130 Tax expense for the year -50 77 198 Results for the year 198 1 1 Long-term liabilities Accounts payable Tax liability 200 000 460 270 82 37 68 83 Accrued expenses and prepaid income Equity & debt Question: Prepare cash flow analysis according to the direct and indirect method where you show the cash flow from operating activities. Make a cash flow from operating activities according to the DIRECT METHOD 2 1 110 818image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

978-0538473637

Students also viewed these Accounting questions

Question

LO 22-1 How do people use language?

Answered: 1 week ago