create a statement of cash flow direct method DETAILSAMOUNTACTIVITYDividend Received93,250 INVESTINGLoan paymentAmounts RecoveredInterest Expense143,000 FINANCING194,000 OPERATING200,000 FINANCING240,000 OPERATING275,000 OPERATINGCourt Administration FeesCost of TrainingBar License300,400 OPERATINGStore Rent300,750 OPERATINGFines and PenaltiesGeneral Cleaning330,000 OPERATING350,000 OPERATINGSanitation370,000 OPERATINGAccumulated Fund (1/1/2020)Basic Taxes and RatesAllowancesEquity Investment AcquiredRoyaltiesAccountancy and Consultancies costWork-In-ProgressHerbalist License370,600 OPERATING370,900 OPERATING370,900 OPERATING420,000 INVESTING430,000 OPERATING470,000 OPERATING490,000530,370 OPERATINGPosts not on Establishment580,000 OPERATINGOther ExpenditureStool Land RevenueTransport and Travelling cost600,000 OPERATING600,000 OPERATING620,000 OPERATINGUtilities630,000 OPERATINGHostel License630,920 OPERATINGAdvances to Staff660,000 OPERATINGLocal Park Fees720,400 OPERATINGInventory and ConsumablesSpecial ServicesProperty RateSocial Benefit800,000 OPERATING820,000 OPERATING820,900840,300 OPERATINGMarket Tolls|Consumption of Fixed AssetsInfrastructure, Plant and Equipment870,000 OPERATING960,000 INVESTING980,000 INVESTING990,000 OPERATINGPermit FeesProceeds from Sale of Equity990,320 FINANCINGEstablished Posts1,140,7001,300,000 FINANCINGDevelopment Bonds IssuedBusiness Income2,300,600Loans Received2,330,000 FINANCING2,930,000 INVESTING6,120,800 INVESTING12,000,000 OPERATINGLocal FundRent from Land and BuildingCentral Government SalariesCash and Cash Equivalent @ (1/1/2020)Parish Development Facility12,300,24015,000,600 OPERATING DetailsAmount93,250143,000194,000Dividend ReceivedLoan paymentAmounts RecoveredInterest ExpenseCourt Administration Fees200,000240.000240,000Cost of Training275,000Bar License300,400Store Rent300,750330,000Fines and PenaltiesGeneral Cleaning350,000Sanitation370,000Accumulated Fund (1/1/2020)370,600Basic Taxes and Rates370,900Allowances390,470Equity Investment AcquiredRoyaltiesAccountancy and Consultancies costWork-In-ProgressHerbalist LicensePosts not on Establishment420,000430,000470,000490.000530,370580,000Other Expenditure600.000Stool Land Revenue600,000620,000Transport and Travelling costUtilities630,000Hostel License630,920Advances to Staff660,000720,400800,000Local Park FeesInventory and ConsumablesSpecial ServicesProperty Rate820,000820,900Social Benefit840,300Market Tolls870,000Consumption of Fixed AssetsInfrastructure, Plant and Equipment960,000980,000Permit Fees990,000Proceeds from Sale of Equity990,3201,140,700Established PostsDevelopment Bonds Issued1,300,0002,300,6002,330,000Business IncomeLoans ReceivedLocal Fund2,930,000Rent from Land and Building6,120,800Central Government Salaries12,000,000Cash and Cash Equivalent @ (1/1/2020)Parish Development Facility12,300,24015,000,600NOTES1. You are to ensure that CORIS RA adopts and maintain the accrual accounting basis when preparingits financial statements2. As of December 31, 2020, the Established Post had outstanding salaries of $180,000,000.00Closing Inventory and Consumables as at December 31, 2020 stood at $170,000,000.003.Using the guidelines and formats set out in the applicable IPSASS, you are to:Prepare a statement of cash flow for the year ended December 31, 2020 using the accrual basis methodb. Prepare a Statement of financial performance for the year ended December 31, 2020 using the accrualа.basis method

The cash flow statement is prepared at the end of the period to know the cash position. It reflects…

Dividend Received Loan payment Amounts Recovered Interest Expense Court Administration Fees Cost of Training Bar License Store Rent Fines and Penalties General Cleaning Sanitation Accumulated Fund (1/1/2020) Basic Taxes and Rates Allowances Equity Investment Acquired Royalties Accountancy and Consultancies cost Work-In-Progress Herbalist License Posts not on Establishment Other Expenditure Stool Land Revenue Transport and Travelling cost Utilities Hostel License Advances to Staff Local Park Fees Inventory and Consumables Special Services Property Rate Social Benefit Market Tolls Consumption of Fixed Assets Infrastructure, Plant and Equipment Permit Fees Proceeds from Sale of Equity Established Posts Development Bonds Issued Business Income Loans Received Local Fund Rent from Land and Building Central Government Salaries Cash and Cash Equivalent @ (1/1/2020) Parish Development Facility 93,250 INVESTING 143,000 FINANCING 194,000 OPERATING 200,000 FINANCING 240,000 OPERATING 275,000 OPERATING 300,400 OPERATING 300,750 OPERATING 330,000 OPERATING 350,000 OPERATING 370,000 OPERATING 370,600 OPERATING 370,900 OPERATING 370,900 OPERATING 420,000 INVESTING 430,000 OPERATING 470,000 OPERATING 490,000 530,370 OPERATING 580,000 OPERATING 600,000 OPERATING 600,000 OPERATING 620,000 OPERATING 630,000 OPERATING 630,920 OPERATING 660,000 OPERATING 720,400 OPERATING 800,000 OPERATING 820,000 OPERATING 820,900 840,300 OPERATING 870,000 OPERATING 960,000 INVESTING 980,000 INVESTING 990,000 OPERATING 990,320 FINANCING 1,140,700 1,300,000 FINANCING 2,300,600 2,330,000 FINANCING 2,930,000 INVESTING 6,120,800 INVESTING 12,000,000 OPERATING 12,300,240 15,000,600 OPERATING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q