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Q2) GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD (20 MARKS) 2020 2019 CASH 1150R 168,420
Q2) GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD (20 MARKS) 2020 2019 CASH 1150R 168,420 114,360 ACCOUNTS RECENSBLE.NET 122,760 189,480 INVENTORIES PREPAID EXPENSES 199,240 7,488 7.032 101,640 INVESTMENTS LONG TERM) LAND 42,840 90,000 108,000 BUILDINGS 450,000 312,000 ACCUMULATED DEPRECIATION BUILDINGS (69,960) 185,560 513,960 513,960 MACHINERY AND EQUIPMENT ACCUMULATED DEPRECIATION MACHINERY AND EQUIPMEN PATENTS TOTAL ASSETS (178,200) (165,6001 78,000 69,600 1,391,148 1,312,392 52,200 56,040 16,800 15,000 9480 10,080 ACCOUNTS PAYABLE (MERCHANDISE CREDITORS) ACCRUED EXPENSES PAYABLE (OPERATING EXPENSES) INCOME TAX PAYABLE DIVIDENDS PAYABLE MORTGAGE NOTE PAYABLE DUE IN 10 YEARS BONDS PAYABLE 16.000 12,000 48,000 300,000 180,000 540,000 450,000 79,500 49,500 448,368 419,772 1,391.148 1,312,392 COMMON STOCK $30 PAR ADDITIONAL PAID IN CAPITAL RETAINED EARNINGS TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY ADDITIONAL INFORMATION (2020 PATENTS WERE AMORTIZED NI (2020) LAND WAS SOLD FOR CASH A BUILDING WAS CONSTRUCTED BY SPENDING CASH COMMON STOCK WAS ISSUED IN EXCHANGE FOR THE BONDS PAYABLE INVESTMENTS WERE SOLD AT A MORTGAGE NOTE WAS ISSUED DIVIDENDS WERE DECLARED 118,200 72,000
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