Details Amount Dividend Received 93,250 Loan payment 143,000 Amounts Recovered 194,000 Interest Expense 200,000 Court Administration Fees 240,000 Cost of Training 275,000 Bar License 300,400

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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Details

Amount

Dividend Received

93,250

Loan payment

143,000

Amounts Recovered

194,000

Interest Expense

200,000

Court Administration Fees

240,000

Cost of Training

275,000

Bar License

300,400

Store Rent

300,750

Fines and Penalties

330,000

General Cleaning

350,000

Sanitation

370,000

Accumulated Fund (1/1/2020)

370,600

Basic Taxes and Rates

370,900

Allowances

390,470

Equity Investment Acquired

420,000

Royalties

430,000

Accountancy and Consultancies cost

470,000

Work-In-Progress

490,000

Herbalist License

530,370

Posts not on Establishment

580,000

Other Expenditure

600,000

Stool Land Revenue

600,000

Transport and Travelling cost

620,000

Utilities

630,000

Hostel License

630,920

 

Details

Amount

Advances to Staff

660,000

Local Park Fees

720,400

Inventory and Consumables

800,000

Special Services

820,000

Property Rate

820,900

Social Benefit

840,300

Market Tolls

870,000

Consumption of Fixed Assets

960,000

Infrastructure, Plant and Equipment

980,000

Permit Fees

990,000

Proceeds from Sale of Equity

990,320

Established Posts

1,140,700

Development Bonds Issued

1,300,000

Business Income

2,300,600

Loans Received

2,330,000

Local Fund

2,930,000

Rent from Land and Building

6,120,800

Central Government Salaries

12,000,000

Cash and Cash Equivalent

12,300,240

Parish Development Facility

15,000,600

NOTES

  1. As of December 31, 2020, the Established Post had outstanding salaries of $180,000,000.00
  2. Closing Inventory and Consumables as at December 31, 2020 stood at $170,000,000.00

Requirement

  1. Prepare the Statement of Cash Flow for the year ended December 31, 2020

 

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