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answer me fast please (all parts) Q.2. (1) ABC Company has total net sales of Rs.20,00000 and cost of goods sold of Rs. 12,00000 with

image text in transcribedanswer me fast please (all parts)

Q.2. (1) ABC Company has total net sales of Rs.20,00000 and cost of goods sold of Rs. 12,00000 with Rs. 300000 other expenses as well. Similarly, the company has paid out Rs.150000 in dividend and beginning retained earnings are 12,00000. Calculate both Net Income and Ending Retained earnings of the ABC Company for the year ended December 2020. (Marks 10) (ii) Identify whether each of the following items would appear in the operating, investing, or financing activities section of the statement of cash flows. Explain your answer for each of the following items b. d e Cash payments for purcbases of merchandise Cash receipts from sale of common stock Cash payments for equipment Cash receipts from sales of goods Cash dividends paid to shareholders Cash payments to employees Cash payments to lenders for interest on loans Cash receipts from collection of principal for loans made to other entities Cash receipts from issuance of bonds Cash receipts from collection of interest on loans made to other entities. h i j

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