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Hi, I have seen this question answered by 3 different verified experts with 3 different lots of answers and none of them seem correct. Can
Hi, I have seen this question answered by 3 different verified experts with 3 different lots of answers and none of them seem correct.
Can someone please assist by answering these question based on the figures provided?
1. cash flow statement in accordance with AASB107
2. Reconciliation to determine net cash from operating activities
3. Debt to equity
4. Cash flow
I have included one image which shows the data provided and the other two images show the templates to be used to do 1. and 2. above.
A B C D E G Data Comparative account balances N 30/06/2021 30/06/2022 Cash Book ASSETS Opening balance 1,920 Bank 1,920 3,400 VOUT A W Inflows Accounts receivable 1,600 7,340 Accounts Receivabl 8,130 Prepaid other oper 20 490 Cash sales 1,350 Inventory 800 420 Sale of plant 1,200 Land and buildings 2,400 2,400 Share capital 1,800 12,480 Plant at c 1,520 1,080 10 Outflows Accm Del - 1,080 440 980 100 11 Accounts Payable - 3,300 Goodwill (net) 150 120 12 New plant purchast - 1,000 Total assets 7,330 14,270 13 Other operating ex - 4,500 14 Salaries and wages - 1,100 LIABILITIES & EQUITY 15 Current tax paid 500 Accounts payable 420 3,440 16 Dividends payable 600 - 11,000 Accrued salaries an 60 80 17 Closing balance 3,400 Dividends payable 600 1,200 18 Current tax payable 500 900 19 Cam Ltd Profit and Loss summary Share capital 1,800 3,600 20 for the year ended 30/6/2022 General reserve 1,600 1,600 21 Sales (13,870, + 1,350) 15,220 Retained earnings 2,350 3,450 22 Less COGS 6,700 TOTAL 7,330 14,270 23 Gross profit 8,520 24 Less operating expenses 25 Depreciation 220 26 Salaries and wages 1,120 27 Loss on sale of plant 120 28 Impairment of goodwill 30 29 Other operating expense 4,030 5,520 30 Operating profit before tax 3,000 31 Less income tax expense 900 32 Operating profit after tax. 2,100Help H (b) Prepare a Cash Flow Statement in accordance with AASB107 Cash Flow Statement of Cam Ltd for the year ended 30 June 2022 Cash Flows from Operating Activities: Receipts from Customers Cash Sales Payments to Suppliers Payments to Employees Taxation Paid Other Operating Expenses Net Cash from Operating Activities Cash Flows from Investing Activities: Proceeds of Sale of Plant Purchase of Plant Net Cash used in Investing Activities Cash Flows from Financing Activities: Proceeds of Share Issue Dividends Paid Net Cash from Financing Activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of yearC46 V E X V fx A B C 29 30 (c) Reconciliation to determine net cash from operating activities. 31 Reconciliation sheet 32 Operating profit after tax 33 Non-Cash Items 34 Depreciation 35 Impairment of Goodwill 36 Loss on Sale 37 Changes in Current Assets and Liabilities 38 Increase in Accounts Receivable 39 Decrease in Inventory 40 Increase in Prepayments 41 Increase in Accounts Payable 42 Increase in Accrued Salary and Wages 43 Increase in Provisions for Tax 44 Net cash from Operating Activities 45 46 47 48 (d) Debt to equity. 49 Debt 50 Equity 51 Total 52 53 Pie Chart:Step by Step Solution
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