Question
b. A summary of Capello Ltd.'s cash account for the year ended 30 June 2019 is provided below. i. Cash on hand at 1 July
b. A summary of Capello Ltd.'s cash account for the year ended 30 June 2019 is provided below.
i. Cash on hand at 1 July 2018 was $11,500 and at 30 June 20X5 is $17 392.
ii. Cash receipts for the year comprise the following items:
$
Issue of ordinary share 80000.00
Cash sales 52543.00
Receipts from debtors 68135.00
Bank loan 28598.00
Sale of land 81965.00
Sale of listed shares 31254.00
Dividends 2015.00
Interest 2356.00
iii. Cash payments for the year comprise the following:
$
Property plant and equipment 69810.00
Long-term loan repayment 62534.00
Suppliers, for inventory and expenses 38900.00
Dividends 13560.00
Interest 3586.00
Income tax 32956.00
Wages 41569.00
Research and development 52953.00
Required:
a statement of cash flows for Capello Ltd for the year ended 30 June 2019 in accordance with AASB 107. Prior-period comparative figures and a reconciliation of cash flows from operating activities to net profit are not required. (15 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
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](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started