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Questions 6 to 1 0 ( show your brief work for your answers below ) : On 1 Jan 2 0 2 2 : Indium
Questions to show your brief work for your answers below:
On Jan :
Indium Co Ltd was set up with $ in shareholders' equity from its founders, all
paid in cash. The firm bought a machine for $all pad in cash with straight
line deprecation of years disposal value at the end of the machine's useful life
assumed to be $ on January
The firm borrowed $ at interest rate of on Jan all disbursed in cash.
The loan is for five years and the principal of $ is paid at the end of year
In
the firm had recorded revenue of $ The amount of $ of sales has not
been collected in cash.
raw materials bought amount to $ However, to generate the sales of $
$ worth of raw materials was expensed.
utilities and wages expenses for the year amount to $ and they have all
been paid in cash.
the firm has paid $ in cash to the suppliers for the raw materials.
tax rate on taxable income is Taxes all paid in cash.
a dividend of $ was paid to the shareholders.
As of Dec what is the firm's:
Net Income?
Accounts Receivables?
Accounts Payables?
Ending Inventory?
Stockholder's' equity?
Net fixed assets?
Cash balance on the balance sheet?
Total Assets?
Cash flow from operating activities?
Cash flow from financing activities?
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