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The Greene Corp. produced the following data accompanying its financial data for 2 0 2 2 ; a . Equipment costing 1 0 , 0
The Greene Corp. produced the following data accompanying its financial data for ; a Equipment costing with a book value of was sold for b Motor vehicle costing with depreciation of was sold at a loss of c The building was revalued during the year. d No dividend was paid during the year. BALANCE SHEET AS AT DECEMBER $ $ $ $ $ $ NonCurrent Assest COST DEPN NBV COST DEPN NBV Goodwill Building Equipment Motor Vehicle Current Liabilities Stock Short Term Investment Debtors Bank Cash EQUITY & LIABILITIES Capital & Reserves Share Capital $ Ord Shares Share Premium Reval Reserve General Reserves Retained Earnings NonCurrent Liabilities Debenture Current Liabilities Creditors Interest Tax Payable Accounts Payable Required: a Prepare the cash flow statement for the year ended marks b Comment on the performance and financial position of the company, using relevant items in the cash flow statement. marks
The Greene Corp. produced the following data accompanying its financial data for ;
a Equipment costing with a book value of was sold for
b Motor vehicle costing with depreciation of was sold at a loss of
c The building was revalued during the year.
d No dividend was paid during the year.
BALANCE SHEET AS AT DECEMBER
$ $ $ $ $ $
NonCurrent Assest COST DEPN NBV COST DEPN NBV
Goodwill
Building
Equipment
Motor Vehicle
Current Liabilities
Stock
Short Term Investment
Debtors
Bank
Cash
EQUITY & LIABILITIES
Capital & Reserves
Share Capital $ Ord Shares
Share Premium
Reval Reserve
General Reserves
Retained Earnings
NonCurrent Liabilities
Debenture
Current Liabilities
Creditors
Interest
Tax Payable
Accounts Payable
Required: a Prepare the cash flow statement for the year ended marks
b Comment on the performance and financial position of the company, using
relevant items in the cash flow statement. marks
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