Question
Please I need help for my Final Exam. Thank you. Prepare Cash Flow Statement using Indirect Method based on the information provided by the Sunrise
Please I need help for my Final Exam. Thank you.
Prepare Cash Flow Statement using Indirect Method based on the information provided by the Sunrise Company.
The statement of Financial Position Assets December December Liabilities December December 31, 2012 31, 2013 31, 2012 31, 2013 Cash 12,000 21,000 Accounts Payable 46,000 30,000 Accounts Receivable 7,000 18,000 Long term Loans 37,000 61,000 Inventory 18,000 24,000 Retained Earnings 20,000 36,000 Investments 24,000 10,000 Plant and Machinery 42,000 54,000 103,000 127,000 103,000 127,000 Income Statement Sales 320,000 Less: Cost of Goods Sold 206,000 Gross Profit 114,000 Depreciation 6,000 Salaries 40,000 Manufacturing expenses 56,000 Income Tax paid 2,000 Net profit 10,000The statement of Financial Position Assets December December Liabilities December December 31, 2012 31, 2013 31, 2012 31, 2013 Cash 12,000 21,000 Accounts Payable 46,000 30,000 Accounts Receivable 7,000 18,000 Long term Loans 37,000 61,000 Inventory 18,000 24,000 Retained Earnings 20,000 36,000 Investments 24,000 10,000 Plant and Machinery 42,000 54,000 103,000 127,000 103,000 127,000 Income Statement Sales 320,000 Less: Cost of Goods Sold 206,000 Gross Profit 114,000 Depreciation 6,000 Salaries 40,000 Manufacturing expenses 56,000 Income Tax paid 2,000 Net profit 10,000The statement of Financial Position Assets December December Liabilities December December 31, 2012 31, 2013 31, 2012 31, 2013 Cash 12,000 21,000 Accounts Payable 46,000 30,000 Accounts Receivable 7,000 18,000 Long term Loans 37,000 61,000 Inventory 18,000 24,000 Retained Earnings 20,000 36,000 Investments 24,000 10,000 Plant and Machinery 42,000 54,000 103,000 127,000 103,000 127,000 Income Statement Sales 320,000 Less: Cost of Goods Sold 206,000 Gross Profit 114,000 Depreciation 6,000 Salaries 40,000 Manufacturing expenses 56,000 Income Tax paid 2,000 Net profit 10,000
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