Question
The Blackbeard Company Ltd provided the following information in regard to its operations for the year ended 30 June 2014: Cash Book Summary Opening balance
The Blackbeard Company Ltd provided the following information in regard to its operations for the year ended 30 June 2014:
Cash Book Summary | |||
Opening balance | $20,000 | Accounts Payable | $40,000 |
Accounts receivable | 100,000 | Bills Payable (suppliers) | 20,000 |
Bills Receivable (suppliers) | 20,000 | Interest paid | 60,000 |
Debenture Issue | 400,000 | Operating expenses | 180,000 |
Dividends received | 20,000 | Salaries & wages | 200,000 |
Interest received | 40,000 | Current tax payable | 80,000 |
Motor vehicles | 60,000 | Plant & machinery | 100,000 |
Share capital | 200,000 | Dividend paid | 120,000 |
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| Balance c/d | 60,000 |
| 860,000 |
| 860,000 |
Balance b/d | 60,000 |
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Required:
(a) Net cash used in operating activities; (b) Net cash used in investing activities; (c) Net cash from financing activities;
(d) Net increase/(decrease) in cash and cash equivalents.
Please use the following format
Statement of Cash Flows for Blackbeard Company | ||
For the Financial Year Ended 30 June 2014 | ||
( i ) Cash flows from Operating Activities | Inflows/ | Inflows/ |
| (Outflows) | (Outflows) |
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Net cash used in operating activities |
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( ii ) Cash flows from Investing Activities |
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Net cash used in Investing Activities |
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( iii ) Cash flows from Financing Activities |
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