Q1 - Keyser Beverage reported the following items in the most recent year.

Net income AED 400,000

Dividends paid 50,000

Accounts receivable BB -240,000; EB- 340,000

Increase in accounts payable 70,000

Purchase of equipment (capital expenditure) 180,000

Depreciation expense 40,000

Issue of notes payable 200,000

Sale of land and building 382,000

Payment of cash dividend 95,000

Issuance of ordinary shares 394,000

Required

Compute net cash used or provided by operating, investing, and financing activities.

How would you evaluate the performance of the company?

Q2- E4.1 Presented below is information related to Sun Company at December 31, 2020, the end of its first year of operations.

Required

Compute the following: (a) income from operations, (b) net income, (c) net income attributable to Sun Company controlling shareholders, (d) comprehensive income, and (e) retained earnings balance at December 31, 2022. Ignore taxes.

Sales revenue $ 310.000 140.000 Cost of goods sold Selling and administrative expenses Gain on sale of plant assets 50.000 30.000 Unrealized gain on non-trading equity securities 10.000 Interest expense 6.000 Loss on discontinued operations 12.000 40.000 Allocation to non-controlling interest Dividends declared and paid 5.000