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there is part A and B part A: theory you can see first A After B start and at last required questions A and B
there is part A and B part A: theory you can see first A After B start and at last required questions A and B
Question 2 19.1 A. Identify and describe the three types of activities that are reported in the statement of cash flows. Why do you think that AASB 107 would require such a breakdown? 19.8 B. Identify the implications that the following have in the preparation of a Cash Flow Statement and accompanying notes: (a) the sale of a non-current asset (b) an increase in a provision for long service leave (c the acquisition of land by way of an issue of shares. C. You are given the following information and asked to prepare the Cash Flow Statement for Crescent Ltd for the year ended 30th June 2020. The Cash balance at the beginning of the year was $200000 overdrawn. 1. An item of Plant with a written down value of $120000 was sold for $140000 cash. 2. The company issued shares to raise capital of $600000. 3. Payments for Wages of Employees $180000. 4. The business bought new plant worth $500000 paying $200000 cash deposit. 5. Receipts from customers were $400000. 6. Incomes Taxes paid $25000. 7. The company borrowed money from the Bank $300000. 8. Payment to suppliers amounted to $400000. 9. The company received interest on investments of $20 000. 10. Paid Dividends of $40000. 11. Interest Paid on Loans $20000. w Required A. Prepare the Cash Flow Statement for Crescent Ltd if the Cash Balance at the beginning was an overdraft of ($500 000). Show each of the following sections: (1) cash flow from Operating Activities (ii) Cash flows from investing activities (iii) Cash flow from financing activities (iv) Cash balance at end of period B. Write a brief report evaluating the cash flows from each of the business's activities and comment on the overall cash position of the businessStep by Step Solution
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