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solve using indirect method The following is a presentation of PT Atma's Financial Statements in the form of a Comparative Balance Sheet as of December
solve using indirect method
The following is a presentation of PT Atma's Financial Statements in the form of a Comparative Balance Sheet as of December 31, 1998 and December 31, 1999: 31 Dec 1999 31 Dec 1998 Assets Cash 92,000,000.00 Account receivable 390,000,000.00 Supply 520,000,000.00 Prepaid Insurance 12.000.000.00 Equipment and Vehicles 520,000,000.00 364,000,000.00 Accumulated depreciation (187,200,000.00) (156,000,0000.00) Total assets 1,512,000,000,00 1,222,000,000.00 Liabilities and Capital 260,000,000.00 208,000,000.00 Accounts Payable Long-term debt 230,000,000.00 110,000,000.00 Ordinary Share Capital 700,000,000.00 650,000,000.00 Agio Ordinary Shares 30,000,000.00 20,000,000.00 Ritaban Profit 292.000,000.00 234,000,000.00 Total Liabilities and Capital 1,512,000,000.00 1,222,000,000.00 The following is additional information in connection with the above financial statements: 1. Vehicles whose acquisition cost is Rp. 78,000,000 with a book value of Rp. 5,200,000 are sold for Rp. 18,200,000 2. In 1999 there was a purchase of equipment in cash 3. Retained earnings are only affected by net income in 1999 of Rp. 254,000,000 and the existence of payment of dividends 4. In 1999 cash was obtained by paying 50 shares of Common Stock with a par value of Rp. 1,000,000 per share. at a price of Rp. 1,200,000 per sheet Request: Prepare a statement of cash flows for the year ended December 31, 1999 using the indirect method. 203,200,000.00 468,000,000.00 442,000,000.00 66,000,000.00 Step by Step Solution
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