Question
On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following ASSETS 2011 2010 Cash 7000 4800 Accounts Receivable 8500 9500 Merchandise
On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following
| ASSETS | 2011 | 2010 |
| Cash | 7000 | 4800 |
| Accounts Receivable | 8500 | 9500 |
| Merchandise Inventory | 32500 | 33200 |
| Equipment | 30100 | 24000 |
| TOTAL | 78100 | 71500 |
|
|
|
|
| EQUITIES |
|
|
| Accumulated Depreciation Equipment | 6100 | 4800 |
| Accounts Payable | 16800 | 19400 |
| Mortgage Payable | 6000 | 10000 |
| Share Capital Rs. 10 per share | 30000 | 25000 |
| Share Premium | 2500 |
|
| Retained Earnings | 16700 | 12300 |
| TOTAL | 78100 | 71500 |
Additional Information: 1. A fully depreciated equipment that costs of Rs. 800 was discarded and related accounts were closed. 2. Cash dividend of Rs. 4,000 were declared and paid.
Required: Prepare a Cash Flow Statement. Showing Operating, Investing, Financing activities.
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