Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given below are the Statements of Financial Position and the Statement of Profit or Loss for Figo Bhd: 2018 RM 2017 RM Property, plant and
Given below are the Statements of Financial Position and the Statement of Profit or Loss for Figo Bhd: 2018 RM 2017 RM Property, plant and equipment Trade receivables Inventory Bank balance 350,000 300,000 85,000 75.000 140,000 120.000 30,000 15.000 605,000 510.000 Ordinary share capital Retained profits Other payables Trade payable 250,000 250.000 223.000 140,000 473,000 390,000 89,000 90.000 43,000 30.000 605,000 510,000 2018 RM Sales Cost of sales Gross profit Expenses Profit before tax Taxation Profit after tax Dividend paid by Figo Bhd 505,000 (105.000) 400,000 (252,000) 148,000 (40,000) 108.000 25,000 Additional information: (1) The tax charge for the year and the dividend declared have all been paid. (ii) Depreciation was RM30,000 and a non-current asset with carrying amount of RM12,000 was disposed of for a cash consideration of RM43,000 during the year. The depreciation and gain on disposal of property, plant, and equipment are included in "Expenses." Required: Prepare the Statement of Cash Flows for the year ended 31 December 2018 by using the indirect method. (25 marks)
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