Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the question is on two pages on first page it is doubled ticked by a pencil and rest of is on the next page Peebody

image text in transcribed

image text in transcribed

the question is on two pages on first page it is doubled ticked by a pencil and rest of is on the next page

Peebody Enterprises Lid's statement of profit or los contained the condensed woman 0000 (a) Prepare the operating activities section of the statement of cash flows for the ye (c) The statement of cash flow classites cash recipes and cash payments into investing and financing activities Discuss why operating activities is the most Ending Inventory To cost of a Gross prot Operating expenses Selling expenses Administrative expenses Profit before tax Pro 1 Accounts receivable decreased 5300000 during the year 2. Prepaid expenses increased 5150000 during the year Accounts payable to supplier of inventory decreased 300 000 during the year 4. Accrued expenses payable decreased S100.000 during the year 3. Administrative expenses include depreciation expense of 560000 6. All tax expense was paid in cash. Required 31 March 2020 for Phillips Screwdrivers Lid using the direct method (b) Reconcile profitto cash provided by operations for the year ended 31 March 2020 category of the three? PSA11.a Prepare the operating activities section - direct and indirect methods. LOS below PEEBODY ENTERPRISES LTD Statement of profit or loss for the year ended 30 June 2018 5176000 5873600 84000 Rovenes Operating expenses, excluding depreciation Depreciation expense Loss on sale of equipment Profit before income tax Income tax expense Profit 904000 160.000 ST2600 all revenues to sale OR 36 Financial accounting Reporting, analysis and decision making Opvaling Se including dreng operating car can dep and with the founou Peebody Enterprises Lid's statement of tinancial position contained the following compar- ative data Accounts receivable Accounts payable Income tax payable Accounts payable pertain to operating expenses 2018 $65 800 57400 5600 2017 579 800 46200 14000 Required (a) Prepare the operating activities section of the statement of cash flows using the direct method. (b) Prepare the operating activities section of the statement of cash flows using the indirect method, i.e. prepare a reconciliation of profitto cash provided by operations. 1.4 Prepare a statement of cash flows - direct and indirect methods and calculate cash-based ratios. LO3,5 These are the financial statements of Metro Meats Lid. METRO MEATS LTD Statement of financial position as at 31 December 2018 2018 2017 $ 29 000 28000 25000 80000 (20000) $122000 $ 15000 14000 35000 78 000 $118 000 $ 25000 ASSETS Cash Accounts receivable Inventory Property, plant and equipment Accumulated depreciation Total assets LIABILITIES AND EQUITY Accounts payable Dividends payable Income tax payable Debentures payable Share capital Retained earnings Total liabilities and equity $ 26000 3000 5000 27000 18000 13000 $122000 8000 33 000 14000 38.000 $118.000 METRO MEATS LTD Statement of profit or loss for the year ended 31 December 2018 Sales Cost of sales Gross profit Selling expenses Administrative expenses $250000 210000 10000 18000 6000 2000 14000 4000

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

Information Technology Control And Audit

Authors: Sandra Senft, Frederick Gallegos, Aleksandra Davis

4th Edition

1439893209, 978-1439893203

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago

Question

6. Describe why communication is vital to everyone

Answered: 1 week ago