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Financial accounting problem. Please Help!! Selected accounts from the SFP of MNN Limited at 31 December 20X4 and 20x5 are presented below. Depreciation was $66,800
Financial accounting problem. Please Help!!
Selected accounts from the SFP of MNN Limited at 31 December 20X4 and 20x5 are presented below. Depreciation was $66,800 for equipment, $116,600 for buildings, and $167,100 for machinery. A new machine was purchased in 20X5, with 25% of the price paid in cash and the other 75% financed directly by the vendor through a long-term note. Other assets were purchased for cash. As at 31 December Equipment, net of accumulated depreciation Buildings, net of accumulated depreciation Machinery, net of accumulated depreciation 20X5 $545,000 734,900 604, 300 20x4 $448,100 241,000 269,300 Required: 1. List the items that would be included in the SCF from these accounts for 20X5. Assume indirect method is used to calculate operating activities section. Operating activities: Total Investing activities: Equipment: As on 20X4 As on 20X5 Cash paid for equipment Buildings: As on 20X4 As on 20X5 Cash paid for buildings Machinery As on 20X4 As on 20X5 Cost of machinery purchased Percentage of cash in total purchase Cash paid for machineryStep by Step Solution
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