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Page 4 of 5 Jan 2021 BBF201/03 Introduction to Financial Management Assignments 1 QUESTION 4 (UNIT 2) (25 MARKS) Below is the income statement and
Page 4 of 5 Jan 2021 BBF201/03 Introduction to Financial Management Assignments 1 QUESTION 4 (UNIT 2) (25 MARKS) Below is the income statement and balance sheet of Arabi Mattham Berhad. From this information prepare a statement of cash flows for the year ended September 30, 2020. Income Statement for year ended September 30 Year 2019 (RM) Revenues 500,000 Cost of Sales 395,000 Selling and Administrative 60,000 Interest Expense 9.900 Income Tax 12,812 2020 (RM) 512,000 404,480 61,440 12,320 12,322 2020 Statement of Financial Position as at September 30 2019 Current Assets Cash and equivalents 10,000 Account Receivables 40,000 Inventories 39,500 Prepaid Expenses 10,000 Total Current Asset 99,500 Property, Plant and Equipment 390,000 Accumulated Depreciation -233,000 10,240 48,640 56,627 11,000 126,507 411,000 -250,000 Page 4 of 5 Jan 2021 BBF201/03 Introduction to Financial Management Assignments 1 QUESTION 4 (UNIT 2) (25 MARKS) Below is the income statement and balance sheet of Arabi Mattham Berhad. From this information prepare a statement of cash flows for the year ended September 30, 2020. Income Statement for year ended September 30 Year 2019 (RM) Revenues 500,000 Cost of Sales 395,000 Selling and Administrative 60,000 Interest Expense 9.900 Income Tax 12,812 2020 (RM) 512,000 404,480 61,440 12,320 12,322 2020 Statement of Financial Position as at September 30 2019 Current Assets Cash and equivalents 10,000 Account Receivables 40,000 Inventories 39,500 Prepaid Expenses 10,000 Total Current Asset 99,500 Property, Plant and Equipment 390,000 Accumulated Depreciation -233,000 10,240 48,640 56,627 11,000 126,507 411,000 -250,000
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