Question
Statements of Financial Position of Company S -as at 30 June 2019 ($) 2018 ($) Asset Cash at bank 22000 0 Accounts receivable 22000 18000
Statements of Financial Position of Company S -as at 30 June
| 2019 ($) | 2018 ($) |
Asset |
| |
Cash at bank | 22000 | 0 |
Accounts receivable | 22000 | 18000 |
Inventory | 88000 | 56000 |
Equipment | 56000 | 46000 |
Accumulated depreciation equipment | -24000 | -16000 |
Land | 35000 | 50000 |
Buildings | 75000 | 75000 |
Accumulated depreciation buildings | -15000 | -10000 |
Total assets | 259000 | 219000 |
Liabilities |
| |
Accounts payable | 45000 | 39000 |
Equity |
| |
Share capital | 204000 | 174000 |
Retained earnings | 10000 | 6000 |
Total liabilities and equity | 259000 | 219000 |
Statements of Profit & Loss - as at 30 June
Income | ($) | ||
Sales revenue |
|
| 112500 |
Less: Expenses: |
|
|
|
Cost of sales: |
|
|
|
Beginning inventory | 56000 |
|
|
Add: Purchases | 92000 |
|
|
Less: Ending inventory | 88000 | 60000 |
|
Depreciation equipment |
| 8000 |
|
Depreciation buildings |
| 5000 |
|
Interest expense |
| 3500 |
|
Other expenses |
| 14000 |
|
|
|
| 90500 |
|
|
|
|
Profit for the year |
|
| 22000 |
1. What is the Net cash from operating activities?
2. What is the Net cash from investing activities?
3. What is the Net cash from financing activities?
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