Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Toba Pulp and Timber, Lid had the following financial statements for 20X1 and 20X2. Prepare a sources and uses of funds statement, and evaluate your

image text in transcribed

Toba Pulp and Timber, Lid had the following financial statements for 20X1 and 20X2. Prepare a sources and uses of funds statement, and evaluate your findings (in billion IDR) 20X2 IDR 32,000 ASSETS Cash Marketable securities Accounts receivable Inventories Current assets Net fixed assets Total 20X1 IDR 54,000 90,000 346,000 400,000 890,000 1,100,000 1,990,000 530,000 680,000 1,242,000 1,200,000 2,442,000 LIABILITIES AND EQUITY Accounts payable Accrued expenses Bank borrowings Current liabilities Common stock Retained earnings Total 400.000 220,000 100,000 720,000 150.000 1.120.000 1.990.000 630,000 300,000 230,000 1.160,000 150,000 1.132.000 2.442.000 Note: For 20X2, depreciation was IDR 110,000; interest paid was IDR 20,000; taxes paid amounted to IDR 115,000; and no dividends were paid. Using the information provided plus your sources and uses of funds statement from the table a. Prepare a statement of cash flows using the indirect method. b. Evaluate your findings Was your analysis based on the cash flow statement much different from that based on the flow of funds statement

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_2

Step: 3

blur-text-image_3

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

Audit Proof Tax Shelters

Authors: Donald Jay Korn

1st Edition

0130509310, 978-0130509314

More Books

Students also viewed these Accounting questions