Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are the three types of cash flows presented on the statement of cash flows? (5 marks) Explain any differences between partnership and sole proprietorship
- What are the three types of cash flows presented on the statement of cash flows?(5 marks)
- Explain any differences between partnership and sole proprietorship(10marks)
- Identify whether each of the following items would appear in the operating, investing, or financing activities section of the statement of cash flows. (5 marks)
- Cash payments for equipment
- Cash receipts from sales of goods
- Cash dividends paid to shareholders
- Cash payments to employees
- Cash payments to lenders for interest on loans
- Prepare Indirect Method of cash flow statement( 10 Marks)
Liability | 2017 | 2018 | Asset | 2017 | 2018 |
Share capital Creditors(CL) Profit and loss a/c | 200000 70000 12000 | 250000 40000 23000
| Cash/Bank (CA) Debtors(CA) Stock(CA) land
| 30000 120000 80000 52000 | 42000 115000 90000 66000
|
| 282000 | 313000 |
| 282000 | 313000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started