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Steven company had the following selected accounts balances extracted from the statement of financial position at the end of 2020: 2019 2020 170,000 200,000 Long
Steven company had the following selected accounts balances extracted from the statement of financial position at the end of 2020: 2019 2020 170,000 200,000 Long term investments Investment in Held for collection bonds Intangible assets Patent Goodwill 12,000 9,000 190,000 190,000 200,000 200,000 100,000 120,000 Property, plant and equipment's Building Accumulated depreciation of Building Equipment Accumulated depreciation of equipment Current assets 70,000 50,000 30,000 23,000 177,000 212,000 200,000 150,000 144,000 2 Inventory Account receivable Cash Equity Share capital Liabilities 200,000 170,000 450,000 200,000 Note payable (long term) Account payable 300,000 400,000 During the year 1. The company purchased new held for collection bond with a cost of 60,000 and sold a bond with a cost of 30,000 for 44,000 2. Equipment with a cost of 20,000 (accumulated depreciation 10,000) was sold for 15,000 3. 30,000 treasury shares were purchased during the year 4. 250,000 note payable was paid during the year 5. Net Income for the year was 279,000 Question 1 Not yet answered Marked out of 3.00 How much is cash from operating activities (show calculations) Answer Answer Question 2 Not yet answered Marked out of 3.00 How much is cash from financing activities (show calculations) Answer Answer Question 3 Not yet answered Marked out of 3.00 How much is cash from investing activities (show calculations) Answer: Answer Question 4 Not yet answered Marked out of 1.00 How much is net increase or decrease in cash during the year Answer Answer Question 5 Not yet answered Marked out of 1.00 How much is the ending balance of cash (31.12.2020)
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