Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is extraced from SOFP as at 31 December of Sioux, a limited liability company: 20X1 and 20X2 respectively: Plant & Equipment cost

The following information is extraced from SOFP as at 31 December of Sioux, a limited liability company: 20X1 and 20X2 respectively: Plant & Equipment cost 280000 305000 Accumulated depreciation (110000) (140000) Trade Payables 50500 64000 During the year non current assets which had cost $80000, with a carrying amount of $35000, were sold for $50000. Include in trade payables at 31 December 20X2 is an amount of 100000 in respect of a purchase of an item of property, plant anf equipment in the year that has not yet been paid for. What would be Payment for purchase of PPE on statement of cashflow for the year ended December 31, 20X2?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Smart

Authors: K. H. Spencer Pickett

1st Edition

0470682582, 978-0470682586

More Books

Students also viewed these Accounting questions