Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gmail - (no subject) pastedImagebase640.png LeFou's Tavern Umited Statement of Cash Flow Year ended November 30, 2020 2020 SZZ 500 cash flows from operating atities:

image text in transcribed

Gmail - (no subject) pastedImagebase640.png LeFou's Tavern Umited Statement of Cash Flow Year ended November 30, 2020 2020 SZZ 500 cash flows from operating atities: Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Gain on disposal of property.plant & equipment Net decrease in current assets other than cash Net (decrease) increase in current habilities Net cash provided by operating activities 10000 - 6000 -15 000 20.000 2500 Cash flows from investing actites: Purchase of equipment Proceeds from sale of equipment Net cash used in investing activities -20.000 30.000 30.000 Cash flows from financing activities: Issuance of longterm note payable Re payment of long-term debt Payment of dividends Net cash used in financing activities 55.000 -88000 -22.500 -45.500 Net Increase (decrease) in cash Beginning cash balance Ending cash balance 6000 58.000 $84.000 Belle's Caf Limited Statement of Cash Flow Year ended November 30, 2020 2020 SIZL 500 Cash flows from operating activities: Net Income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Gain on disposal of property, plant & equipment Net decrease in current assets otherthan cash Net (decrease) increase in current liabilities Net cash provided by operating activities 12 000 -5.000 35.000 -15.000 145.600 Cash flows from investing actvities: Purchase of equipment Proceeds from sale of equipment Net cash used in investing activities -80.000 2000 -60.000 Cash flows from financing activities: Issuance of longterm note payable Repayment of long-term de bt Payment of dividends Net cash used in financing activities 40,000 -25.000 -29.000 -14000 Net Increase (decrease) in cash Beginning cash balance Ending cash balance 74,500 55.000 $129.500 Required: A. Wentify 3 strengths or weaknesses in the above Statement of Cash Flows for Le Fou's Tavern Limited 5. Identify 3 strengths or weaknesses in the above Statement of Cash Flows for Belle's Caf Limited C Based on your analysis InpatA & B which company would you invest In? Why? Gmail - (no subject) pastedImagebase640.png LeFou's Tavern Umited Statement of Cash Flow Year ended November 30, 2020 2020 SZZ 500 cash flows from operating atities: Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Gain on disposal of property.plant & equipment Net decrease in current assets other than cash Net (decrease) increase in current habilities Net cash provided by operating activities 10000 - 6000 -15 000 20.000 2500 Cash flows from investing actites: Purchase of equipment Proceeds from sale of equipment Net cash used in investing activities -20.000 30.000 30.000 Cash flows from financing activities: Issuance of longterm note payable Re payment of long-term debt Payment of dividends Net cash used in financing activities 55.000 -88000 -22.500 -45.500 Net Increase (decrease) in cash Beginning cash balance Ending cash balance 6000 58.000 $84.000 Belle's Caf Limited Statement of Cash Flow Year ended November 30, 2020 2020 SIZL 500 Cash flows from operating activities: Net Income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Gain on disposal of property, plant & equipment Net decrease in current assets otherthan cash Net (decrease) increase in current liabilities Net cash provided by operating activities 12 000 -5.000 35.000 -15.000 145.600 Cash flows from investing actvities: Purchase of equipment Proceeds from sale of equipment Net cash used in investing activities -80.000 2000 -60.000 Cash flows from financing activities: Issuance of longterm note payable Repayment of long-term de bt Payment of dividends Net cash used in financing activities 40,000 -25.000 -29.000 -14000 Net Increase (decrease) in cash Beginning cash balance Ending cash balance 74,500 55.000 $129.500 Required: A. Wentify 3 strengths or weaknesses in the above Statement of Cash Flows for Le Fou's Tavern Limited 5. Identify 3 strengths or weaknesses in the above Statement of Cash Flows for Belle's Caf Limited C Based on your analysis InpatA & B which company would you invest In? Why

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

Petroleum Accounting Principles Procedures And Issues

Authors: Dennis Jennings, Joe Feiten, Horace Brock

5th Edition

0940966255, 978-0940966253

More Books

Students also viewed these Accounting questions