{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T02:45:30-04:00", "answer_date": "2024-06-29 02:45:30", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4452118", "url": "\/study-help\/questions\/accounting-questions-question-3-hilary-ltd-statement-of-cash-flows-4452118", "question_creation_date_js": "2024-06-29T02:45:30-04:00", "question_creation_date": "Jun 29, 2024 02:45 AM", "meta_title": "[Solved] accounting questions Question 3 Hilary Lt | SolutionInn", "meta_description": "Answer of - accounting questions Question 3 Hilary Ltd Statement of Cash Flows for the year ended 31 December 2020 $'000 $'000 Cas | SolutionInn", "meta_keywords": "accounting,questions,question,3,hilary,ltd,statement,cash,flows,year,ended,31", "question_title_h1": "accounting questions Question 3 Hilary Ltd Statement of Cash Flows for the year ended 31 December 2020 $'000 $'000 Cash flows from operating activities Net", "question_title": "accounting questions Question 3 Hilary Ltd Statement of Cash Flows for the", "question_title_for_js_snippet": "accounting questions Question 3 Hilary Ltd Statement of Cash Flows for the year ended 31 December 2020 $'000 $'000 Cash flows from operating activities Net profit before tax 283,800 Adjustments for Depreciation 81,400 Dividend income (68,200) Operating profit before working capital changes 297,000 Decrease in inventory 2,200 Increase in accounts receivable (129,800) Decrease in accounts payable (49,500) (177,100) Cash generated from operations 119,900 Dividend received 1,100 Tax paid (16,500) (15,400) Net cash from operating activities 104,500 Cash flows from investing activities Payments to acquire property, plant equipment (56,100) Proceeds from sale of property, plant equipment 17,600 Net cash used in investing activities (38,500) Cash flows from financing activities Proceeds from issue of bonds 192,500 Buy back and cancellation of issued shares (99,000) Dividend paid (225,500) Net cash used in financing activities (132,000) Net decrease in cash and cash equivalents (66,000) Cash and cash equivalents at 1 January 2020 126,500 Cash and cash equivalents at 31 December 2020 60,500 (a) Comment on Hilary Ltd's management of (i) operating activities, (ii) investing activities and (iii) financing activities on the basis of the above Statement of Cash Flows (15 marks) (b) Explain the treatment of Dividend income and Dividend received in the above Statement of Cash Flows (3 marks) (c) What may be the alternative presentation for Dividend received in the above Statement of Cash Flows Why", "question_description": "

accounting questions<\/p>

<\/p>

\"image<\/div><\/div><\/div> Question 3 Hilary Ltd Statement of Cash Flows for the year ended 31 December 2020 $'000 $'000 Cash flows from operating activities Net profit before tax 283,800 Adjustments for: Depreciation 81,400 Dividend income (68,200) Operating profit before working capital changes 297,000 Decrease in inventory 2,200 Increase in accounts receivable (129,800) Decrease in accounts payable (49,500) (177,100) Cash generated from operations 119,900 Dividend received 1,100 Tax paid (16,500) (15,400) Net cash from operating activities 104,500 Cash flows from investing activities Payments to acquire property, plant & equipment (56,100) Proceeds from sale of property, plant & equipment 17,600 Net cash used in investing activities (38,500) Cash flows from financing activities Proceeds from issue of bonds 192,500 Buy back and cancellation of issued shares (99,000) Dividend paid (225,500) Net cash used in financing activities (132,000) Net decrease in cash and cash equivalents (66,000) Cash and cash equivalents at 1 January 2020 126,500 Cash and cash equivalents at 31 December 2020 60,500 (a) Comment on Hilary Ltd's management of (i) operating activities, (ii) investing activities and (iii) financing activities on the basis of the above Statement of Cash Flows. (15 marks) (b) Explain the treatment of \"Dividend income\" and \"Dividend received\" in the above Statement of Cash Flows. (3 marks) (c) What may be the alternative presentation for \"Dividend received\" in the above Statement of Cash Flows? Why", "transcribed_text": "", "related_book": { "title": "Accounting Principles", "isbn": "1119491630, 978-1119491637, 978-0470534793", "edition": "10th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/54.jpg", "uri": "\/textbooks\/accounting-principles-10th-edition-54", "see_more_uri": "" }, "free_related_book": { "isbn": "0367320088", "uri": "\/textbooks\/quantum-electrodynamics-1st-edition-9780367320089", "name": "Quantum Electrodynamics", "edition": "1st Edition" }, "question_posted": "2024-06-29 02:45:30", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/determine-the-moment-of-inertia-for-the-shaded-area-about-5", "description": "Determine the moment of inertia for the shaded area about the y axis. Given: a = 2 in b = 8 in", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/consider-the-priority-queueing-model-of-section-862-but-now-1982981", "description": "Consider the priority queueing model of Section 8.6.2 but now suppose that if a type 2 customer is being served when a type 1 arrives then the type 2 customer is bumped out of service. This is called...", "stars": 3 }, { "url": "\/during-bricker-companys-first-year-of-operations-credit-sales-totaled", "description": "During Bricker Company's first year of operations, credit sales totaled $200,000 and collections on credit sales totaled $145,000. Bricker estimates that $1,000 of its ending accounts receivable...", "stars": 3 }, { "url": "\/study-help\/questions\/continuous-auditing-relies-heavily-on-alarms-which-are-essentially-notifications-9865809", "description": "Continuous auditing relies heavily on alarms, which are essentially notifications of a classification problem. What occurs when a normal transaction is not classified as problematic?", "stars": 3 }, { "url": "\/study-help\/questions\/figure-1-shows-the-curve-with-equation-2x-3x-421486", "description": "Figure 1 shows the curve with equation 2x 3x + 4 X>0 The finite region S, shown shaded in Figure 1, is bounded by the curve, the x-axis and the line x = 2 The region S' is rotated 360 about the...", "stars": 3 }, { "url": "\/study-help\/questions\/given-the-contents-of-the-receipttxt-file-write-a-series-691151", "description": "Given the contents of the receipt.txt file; write a series of piped commands that will read the file and output a count of the number of lines that contain a negative number. receipt.txt Burrito...", "stars": 3 }, { "url": "\/study-help\/questions\/the-secretary-of-the-interior-recently-announced-the-creation-of-5490970", "description": "The Secretary of the Interior recently announced the creation of the \"Bring Waldo Home\" project. When asked if this project was justified he responded that it would create over 8,000 jobs. Explain...", "stars": 3 }, { "url": "\/study-help\/questions\/a-new-member-of-an-agile-development-team-believes-it-5327367", "description": "A new member of an agile development team believes it is unfair to track defect counts at the team level when the continuous integration tool identifies the developer associated with each logged...", "stars": 3 }, { "url": "\/study-help\/questions\/king-builders-gets-a-cip-for-a-200-million-construction-5010699", "description": "King Builders gets a CIP for a $200 million construction program involving work in 12 states. Construction is expected to last two years. Which of the following suggests that the construction program...", "stars": 3 }, { "url": "\/study-help\/questions\/when-controlling-priorities-in-production-scheduling-economies-of-scope-depend-5502793", "description": "When controlling priorities in production scheduling, economies of scope depend on decreasing which of the following costs or times? Group of answer choices Average cost per unit made Average cost to...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/please-answer-the-questions-below-this-information-and-it-would-4452117", "next": "\/study-help\/questions\/a-project-is-evaluating-a-new-software-to-streamline-the-4452119" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "accounting questions Question 3 Hilary Ltd Statement of Cash Flows for the", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/accounting-questions-question-3-hilary-ltd-statement-of-cash-flows-4452118" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }: "1" } }