ASSET CASH TRADE RECEIVABLE INVENTORIES LAND BUILDING EQUIPMENT ACCUMULATED DEPRECIATION -EQUIPMENT TOTAL LIABILITIES & EQUITY TRADE PAYABLE BOND PAYABLE COMMON SHARES RETAINED EARNING TOTAL ADDITIONAL INFORMATION PROFIT FOR 2022 DIVIDEND PAID IN 2022 PROCEEDS EQUIPMENT SALES BOOK VALUE EQUIPMENT (PRIOR TO SALE) DEPRECIATION EXPENSE FOR 2022 # Land and sales of equipment via cash 2022 260,000 400,000 360,000 3,000,000 2,000,000 3,000,000 3,000,000 150,000 (70,000) 5,980,000 80,000 (30,000) 7,070,000 2021 200,000 300,000 400,000 240,000 200,000 1,200,000 2,000,000 2,400,000 1,200,000 3,230,000 2,580,000 7,070,000 5,980,000 700,000 50,000 30,000 20,000 10,000 Requirement: prepare a statement of cash flows for the year ended 31 December 2022 using INDIRECT METHOD
ASSET CASH TRADE RECEIVABLE INVENTORIES LAND BUILDING EQUIPMENT ACCUMULATED DEPRECIATION -EQUIPMENT TOTAL LIABILITIES & EQUITY TRADE PAYABLE BOND PAYABLE COMMON SHARES RETAINED EARNING TOTAL ADDITIONAL INFORMATION PROFIT FOR 2022 DIVIDEND PAID IN 2022 PROCEEDS EQUIPMENT SALES BOOK VALUE EQUIPMENT (PRIOR TO SALE) DEPRECIATION EXPENSE FOR 2022 # Land and sales of equipment via cash 2022 260,000 400,000 360,000 3,000,000 2,000,000 3,000,000 3,000,000 150,000 (70,000) 5,980,000 80,000 (30,000) 7,070,000 2021 200,000 300,000 400,000 240,000 200,000 1,200,000 2,000,000 2,400,000 1,200,000 3,230,000 2,580,000 7,070,000 5,980,000 700,000 50,000 30,000 20,000 10,000 Requirement: prepare a statement of cash flows for the year ended 31 December 2022 using INDIRECT METHOD
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![ASSET
CASH
TRADE RECEIVABLE
INVENTORIES
LAND
BUILDING
EQUIPMENT
ACCUMULATED DEPRECIATION -EQUIPMENT
TOTAL
LIABILITIES & EQUITY
TRADE PAYABLE
BOND PAYABLE
COMMON SHARES
RETAINED EARNING
TOTAL
ADDITIONAL INFORMATION
PROFIT FOR 2022
DIVIDEND PAID IN 2022
PROCEEDS EQUIPMENT SALES
BOOK VALUE EQUIPMENT (PRIOR TO SALE)
DEPRECIATION EXPENSE FOR 2022
# Land and sales of equipment via cash
2022
260,000
400,000
360,000
400,000
3,000,000
2,000,000
3,000,000 3,000,000
80,000
(30,000)
7,070,000
2021
200,000
300,000
700,000
50,000
240,000
200,000
1,200,000 2,000,000
2,400,000 1,200,000
3,230,000 2,580,000
7,070,000 5,980,000
30,000
20,000
10,000
150,000
(70,000)
5,980,000
Requirement:
prepare a statement of cash flows for the year ended 31 December 2022 using INDIRECT METHOD](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9744a150-65e7-44ec-9f36-6b1a8ffd3d48%2Fa1131bc3-0960-4265-946e-dc2fa4aefbc4%2Fu7ehxo_processed.png&w=3840&q=75)
Transcribed Image Text:ASSET
CASH
TRADE RECEIVABLE
INVENTORIES
LAND
BUILDING
EQUIPMENT
ACCUMULATED DEPRECIATION -EQUIPMENT
TOTAL
LIABILITIES & EQUITY
TRADE PAYABLE
BOND PAYABLE
COMMON SHARES
RETAINED EARNING
TOTAL
ADDITIONAL INFORMATION
PROFIT FOR 2022
DIVIDEND PAID IN 2022
PROCEEDS EQUIPMENT SALES
BOOK VALUE EQUIPMENT (PRIOR TO SALE)
DEPRECIATION EXPENSE FOR 2022
# Land and sales of equipment via cash
2022
260,000
400,000
360,000
400,000
3,000,000
2,000,000
3,000,000 3,000,000
80,000
(30,000)
7,070,000
2021
200,000
300,000
700,000
50,000
240,000
200,000
1,200,000 2,000,000
2,400,000 1,200,000
3,230,000 2,580,000
7,070,000 5,980,000
30,000
20,000
10,000
150,000
(70,000)
5,980,000
Requirement:
prepare a statement of cash flows for the year ended 31 December 2022 using INDIRECT METHOD
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