Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q2 , (8+2=10 Marks) CLO -4 A. Prepare Cash Flow Statement from the Balance Sheet of the EESA Company's for the year 2021 table[[,2020,2021,,2020,2021],[Assets,,,Current

Q2

,

(8+2=10 Marks)\

CLO -4

\ A. Prepare Cash Flow Statement from the Balance Sheet of the EESA Company's for the year 2021\ \\\\table[[,2020,2021,,2020,2021],[Assets,,,Current liabilities,,],[Current assets,,,Accounts payable,3,000,4,000],[Cash,\\\\table[[20,000],[25,000]],25,000,Salaries payable,8,500,9,500],[Accounts receivable,23,000,Interest payable,6,000,8,000],[prepaid expenses,15,000,16,000,Taxes payable,2,500,4,500],[Inventory,15,000,20,000,Dividends payable,7,500,4,000],[Current assets,75,000,84,000,Current liabilities,27,500,30,000],[Non-current assets,,,Non-current liabilities,,],[Land,50,000,65,000,Bonds,21,500,16,800],[Furniture and Fittings,29,000,35,000,Bank Loans,27,000,20,000],[Gross fixed assets,40,000,49,000,,,],[Acc. depreciation,12,000,18,000,Stockholder's' equity,,],[28,000,31,000,Common stock,95,000,115,000],[Income from Income statement,11,000,33,200],[Total assets,182,000,215,000,Total liabilities & Equity,182,000,215,000]]

image text in transcribed
A. Prepare Cash Flow Statement from the Balance Sheet of the EESA Company's for the year 2021

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

Ethics In Finance

Authors: John R. Boatright

3rd Edition

1118615824, 978-1118615829

More Books

Students also viewed these Finance questions