Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

First Prepare the Cash Flow Statement for the year ended 30 June 2022 Then answer: The business bought a significant amount of new fixed assets.

image text in transcribedimage text in transcribed

First Prepare the Cash Flow Statement for the year ended 30 June 2022

Then answer: The business bought a significant amount of new fixed assets. What did they buy and how did they pay for these fixed assets? Provide figures to support your answer

2. Cash and Cash Equivalents Bank Cash float 3. Retained Income Retained income at beginning of year Net profit after tax Dividends paid and declared Retained income at end of year 2. Cash and Cash Equivalents Bank Cash float 3. Retained Income Retained income at beginning of year Net profit after tax Dividends paid and declared Retained income at end of year \begin{tabular}{|l|l|l|l|l|} \hline Fixed Asset & Land \& Building & Vehicles & Equipment & Total \\ \hline Carryingvalueatbeginningofyear & 2,700000 & - & 2,300000 & 5000000 \\ \hline Cost & 2,700000 & - & 3,100000 & 5,800000 \\ \hline Accumulateddepreciation & & & (800000) & (800000) \\ \hline Movements & & 2,450000 & 350000 & \\ \hline Additions at cost & & & (200000) & (200000) \\ \hline Depreciationfortheyear & & - & & (600000) \\ \hline Disposalsatcarryingvalue & (600000) & 2,450000 & 2,450000 & 7,000000 \\ \hline Carryingvalueatendofyear & 2,100000 & 2,450000 & 3,450000 & 800000 \\ \hline Cost & 2,100000 & - & 1,000000 & 1,000000 \\ \hline Accumulateddepreciation & - & & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Decision Makers

Authors: Peter Atrill, Eddie McLaney

7th Edition

027378563X, 9780273785637

More Books

Students also viewed these Accounting questions

Question

2 What are the psychological stages of coping with change?

Answered: 1 week ago

Question

6 Why is change considered a central aspect of HRM practice?

Answered: 1 week ago