Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me to solve the Cash flow Statement for the year 2021. 2020 Taka 70,000.00 370,000.00 300,000.00 740,000.00 520,000.00 150,000.00 370,000.00 1,110,000.00 #04 Baker

image text in transcribedPlease help me to solve the Cash flow Statement for the year 2021.

2020 Taka 70,000.00 370,000.00 300,000.00 740,000.00 520,000.00 150,000.00 370,000.00 1,110,000.00 #04 Baker Corporation provided the following Statements for 2020-21 - Balance Sheet 2021 Assets Taka Cash 60,000.00 Accounts Receivable 320,000.00 Inventory 440,000.00 Total Current Asset 820,000.00 Gross Fixed Assets 560,000.00 Accumulated Depreciation 180,000.00 Net Fixed Asset 380,000.00 Total Asset 1,200,000.00 Liabilities & Stockholders' Equity Current Liabilities Accounts Payable 370,000.00 Notes Payable 110,000.00 Accrued Expense 40,000.00 Total Current Liabilities 520,000.00 Long Term Debt 320,000.00 Total Liabilities 840,000.00 Stockholders' Equity Common Stock at par 100,000.00 Share Premium Reserve 150,000.00 Retained Earnings 110,000.00 Total Liabilities & Stockholders' Equity 1,200,000.00 320,000.00 90,000.00 20,000.00 430,000.00 350,000.00 780,000.00 100,000.00 150,000.00 80,000.00 1,110,000.00 Income Statement Sales Cogs Gross Profit Operating Expenses Operating Income (EBIT) Interest Earnings before Tax (EBT) Tax (30%) Earnings after Tax (Net Income) Additional Information: 1. Purchased equipments paying Taka 40,000.00 cash. 2. Annual depreciation expense was Tk.30,000.00 3. Paid cash dividend of Tk.76,000.00 4. No sale of fixed asset. Required Prepare a Cash Flow Statement for the year 2021. 2021 Taka 2,200,000.00 1,420,000.00 780,000.00 600,000.00 180,000.00 29,000.00 151,000.00 45,000.00 106,000.00 Marks : 12

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

Creative Accounting, Fraud And International Accounting Scandals

Authors: Michael J. Jones

1st Edition

0470057653, 9780470057650

Students also viewed these Accounting questions

Question

Would giving rewards or administering punishments be

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago