Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ Pty Ltd Balance Sheer For the year onded 30 June 2015 2014 ASSETS XYZ Pty Ltd Income Statement For the year ended 30 June

image text in transcribed

XYZ Pty Ltd Balance Sheer For the year onded 30 June 2015 2014 ASSETS XYZ Pty Ltd Income Statement For the year ended 30 June 2015 REVENUE Sales revenue Interest revenue Dividend revenue Gain on sales of PPE TOTAL REVENUE CURRENT ASSETS 304 21 19 42 L 1 Accounts receivable Interest receivable 13 101 155 100 10 159 NON-CURRENT ASSETS PPE.net 352 227 COST OF SALES 170 101 7 7 EXPENSES Salary & wages expense Depreciation expense Interest expense Other operating expense TOTAL EXPENSES ! LIABILITIES CURRENT LIABILITIES Accounts payable Salary & wages payable Other expenses payable NON-CURRENT LIABILITIES Long-term debts 60 26 26 23 NET ASSETS SHAREHOLDERS' EQUITY PROFIT BEFORE INCOME TAX Less: Income tax expense NET PROFIT AFTER TAX | TOTAL SHAREHOLDERS' EQUITY Additional information: PPE that had a carrying amount of $60 was sold for $102. New PPE purchased for cash amounted to $211. A borrowing of $100 was made during the year and received in cash. Dividends received in cash were $19. Dividends were paid in cash during the year. Required: Prepare the statement of cash flows for XYZ Pty Ltd for the year ended 30 June 2015 Show all of your working in the calculation

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

Hotel Operations Simulation And Auditing Manual

Authors: Gail E. Sammons, Cihan Cobanoglu

1st Edition

0131704613, 978-0131704619

More Books

Students also viewed these Accounting questions

Question

what is a peer Group? Importance?

Answered: 1 week ago

Question

e. What are notable achievements of the group?

Answered: 1 week ago