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by the operations in 2013. The members of the board also have the options of raising more funds from the shareholders and increasing their long-term
by the operations in 2013. The members of the board also have the options of raising more funds from the shareholders and increasing their long-term borrowings. From the information shown on Austin Industries Inc. 2013 projected statemene of financial position, identify the cash inflows and the cash outflows for the year 2013 2012 Austin Industries Inc. Statements of Financial Position As at December 31 (in $000s) 2013 Non-current assets Property, plant, and equipment 150 Accumulated depreciation/amortization (41) Total non-current assets 109 Current assets Inventories 75 Trade receivables 30 Term deposits 75 (26) 49 7 112 221 53 22 11 15 101 150 64 95 159 Cash Tocal current assets Total assets Equity Share capital Retained earning Tocal equity Non-current liabilities Long-term borrowing Current liabilities Trade and other payables Notes payable Other current liabilities Total current liabilities Total liabilities Total equity and liabilities 38 67 105 26 8 18 3 15 36 62 221 15 15 7 37 45 150 Scanned by CamScanner Cases 117 In 2013, management of Austin Industries Inc. expects to generate $38,000 in profit. The board of directors will pay $10,000 in dividends to the shareholders. Questions Prepare the following statements: 1. The adjustments in non-cash working capital accounts statement for 2013 2. The statement of cash flows for 2013
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