Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculator View Instructions Help Center 05 Question No: 03 Given blow are JIGSAW company's statement of profit and loss for the year ended March 31,
Calculator View Instructions Help Center 05 Question No: 03 Given blow are JIGSAW company's statement of profit and loss for the year ended March 31, 2013, and balance sheet on March 31, 2019 and 2020. You are required to calculate cash flow statement for the year 2020. Use either direct or indirect method. [12 Marks] JIGSAW COMPANY Statement of Profit and Loss For the year ended March 31, 2020 Sales Gain on sale of investments Interest income 48650 200 400 49250 COGS Depreciation 34250 3800 Antione Calculator View Instructions 4 05 Question No: 03 LUU J42JU 3800 Depreciation Selling and administration expenses 2650 Interest exp 900 Loss on sale of plant and machinery 450 42050 EBIT 7200 Income Tax 3350 PAT 3850 JIGSAW COMPANY Balance Sheet at the end of March 31, 2020 2020 Equity and Liabilities 2019 Options WAVE 2019 Balance Sheet at the end of March 31, 2020 2020 Equity and Liabilities Shareholder's funds Share capital 12500 Reserve and Surplus 5900 Non-Current Liabilities Long-term borrowings 6000 Current Liabilities Trade payables 11350 Short-term provisions: Income Tax payables 300 Total 36050 8750 4300 6000 10450 350 29850 Assets Fixed Assets Diant and Machinerer nenn 162
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started