Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8: Cash flow statement (6 Marks) The following T account is a summary of the cash account of King Fisheries Pty Ltd. 180 000

image text in transcribed

Question 8: Cash flow statement (6 Marks) The following T account is a summary of the cash account of King Fisheries Pty Ltd. 180 000 140 000 Cash (summary form) 2018 Balance, 1 Jan. Receipts from customers Dividends received Proceeds from sale of equipment Proceeds from issue of debentures 30 000 Payments for goods 8000 Payments for operating expenses 264 000 Interest paid 6 000 Taxes paid 36 000 Dividends paid 200 000 Balance, 31 Dec. 514 000 8 000 40 000 116 000 514 000 2019 Balance, 1 Jan. 116 000 Required: Prepare the statement of cash flow

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

Financial And Manag Acct Ed7 Sg M1 M13

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

7th Edition

0324054610, 978-0324054613

More Books

Students also viewed these Accounting questions

Question

Financial statements are prepared on the going concern assumption.

Answered: 1 week ago