2. The following information is extracted from Goldstar Trading for the year ended 31 March 2021: Details Cash balance at beginning of the year Cash paid to purchase machinery Cash paid for merchandise inventory Cash paid for operating expenses Cash paid for interest Cash received for interest Cash proceeds from the sale of land Cash borrowed on a short-term note Cash paid for dividend Cash received from share issuance Cash collections from customers Cash balance at end of year Amount (RM) 1,500 12,400 22,000 28,000 400 1,000 10,000 2,500 2,400 5,700 52,200 7,700 You are required to prepare the cash flow statement for Goldstar Trading for the year ended 31 March 2021 using the direct method.

2. The following information is extracted from Goldstar Trading for the year ended 31 March 2021: Details Cash balance at beginning of the year Cash paid to purchase machinery Cash paid for merchandise inventory Cash paid for operating expenses Cash paid for interest Cash received for interest Cash proceeds from the sale of land Cash borrowed on a short-term note Cash paid for dividend Cash received from share issuance Cash collections from customers Cash balance at end of year Amount (RM) 1,500 12,400 22,000 28,000 400 1,000 10,000 2,500 2,400 5,700 52,200 7,700 You are required to prepare the cash flow statement for Goldstar Trading for the year ended 31 March 2021 using the direct method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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