Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Old MathJax webview Given blow are JIGSAW company's statement of profit and loss for the year ended March 31, 2013, and balance sheet on March
Old MathJax webview
Given blow are JIGSAW company's statement of profit and loss for the year ended March 31, 2013, and balance sheet on March 31, 2019 and 2020. You are required to calculate cash flow statement for the year 2020. Use either direct or indirect method. [12 Marks] JIGSAW COMPANY Statement of Profit and Loss For the year ended March 31, 2020 Sales Gain on sale of investments Interest income 48650 200 400 49250 34250 COGS Depreciation Selling and administration expenses 3800 Interest exp 2650 900 Loss on sale of plant and machinery 450 42050 EBIT 7200 Income Tax gQuad camera 3350 395 2019 JIGSAW COMPANY Balance Sheet at the end of March 31, 2020 2020 Equity and Liabilities Shareholder's funds Share capital 12500 Reserve and Surplus 5900 Non-Current Liabilities Long-term borrowings 6000 Current Liabilities 11350 Trade payables 300 Short-term provisions: Income Tax payables 36050 Total asung Quad Camera 8750 4300 6000 10450 350 29850 20800 4700 16100 16350 3750 12600 Assets Fixed Assets Plant and Machinery Less Accumulated Depreciation Net Fixed Assets Current Assets Current investments Inventories Trade receivables Cash and cash equivalents Short-term loans and advances: Pre-paid exp. Intangible Assets: Patent Total 1400 5300 10450 2200 600 0 2150 2450 7800 3500 700 0 650 36050 29850 sung Quad Camera ith my Galaxy M31 Additional Information: Additional Information: 1. Paid dividends 2. Sold investments costing Rs. 1900 and plant Rs.2050 3. Purchased machinery, Rs.9350 and investments, Rs.1150. 4. Sold the patent, Rs.200 5. Issued at par shares, Rs.3750 Note: Consider interest received and interest expenses as investment and financing activities respective Given blow are JIGSAW company's statement of profit and loss for the year ended March 31, 2013, and balance sheet on March 31, 2019 and 2020. You are required to calculate cash flow statement for the year 2020. Use either direct or indirect method. [12 Marks] JIGSAW COMPANY Statement of Profit and Loss For the year ended March 31, 2020 Sales Gain on sale of investments Interest income 48650 200 400 49250 34250 COGS Depreciation Selling and administration expenses 3800 Interest exp 2650 900 Loss on sale of plant and machinery 450 42050 EBIT 7200 Income Tax gQuad camera 3350 395 2019 JIGSAW COMPANY Balance Sheet at the end of March 31, 2020 2020 Equity and Liabilities Shareholder's funds Share capital 12500 Reserve and Surplus 5900 Non-Current Liabilities Long-term borrowings 6000 Current Liabilities 11350 Trade payables 300 Short-term provisions: Income Tax payables 36050 Total asung Quad Camera 8750 4300 6000 10450 350 29850 20800 4700 16100 16350 3750 12600 Assets Fixed Assets Plant and Machinery Less Accumulated Depreciation Net Fixed Assets Current Assets Current investments Inventories Trade receivables Cash and cash equivalents Short-term loans and advances: Pre-paid exp. Intangible Assets: Patent Total 1400 5300 10450 2200 600 0 2150 2450 7800 3500 700 0 650 36050 29850 sung Quad Camera ith my Galaxy M31 Additional Information: Additional Information: 1. Paid dividends 2. Sold investments costing Rs. 1900 and plant Rs.2050 3. Purchased machinery, Rs.9350 and investments, Rs.1150. 4. Sold the patent, Rs.200 5. Issued at par shares, Rs.3750 Note: Consider interest received and interest expenses as investment and financing activities respective
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started