From the following balance sheets of X Ltd., make out the staternent of cash flows: Liabilities 2008 2009 PHP РHP Equity Share Capital 8% Prefercnce Share Capital 3,000,000 1,500,000 4,000,000 1,000,000 Generel Reserve 40,000 70,000 Profit and Loss Account 30.000 48,000 Proposed Dividend 42,000 50,000 Creditors 280,000 83,000 Bills Payable 20.000 16,000 Provision for Taxation 40,000 50,000 4,727,000 ????? Assets Goodwill 90,000 1,700,000 1,150,000 Land & Buildings 2,000.000 Plant 80.000 2,00,000 Debtors 1,600.000 2,000,000 Stock 77,000 1,090,000 Bills Receivable 20,000 30,000 ???? Cash 25,000 6,770,000 ??????? Additional information: (a) Depreciation of P. 10.000 and P. 20,000 have been charged on plant and land & buildings respectively in 2009. (b) An interim dividend of P 20,000 has been paid in 2009. (0) P 35,000 income-tax was paid during the year 2009.
From the following balance sheets of X Ltd., make out the staternent of cash flows: Liabilities 2008 2009 PHP РHP Equity Share Capital 8% Prefercnce Share Capital 3,000,000 1,500,000 4,000,000 1,000,000 Generel Reserve 40,000 70,000 Profit and Loss Account 30.000 48,000 Proposed Dividend 42,000 50,000 Creditors 280,000 83,000 Bills Payable 20.000 16,000 Provision for Taxation 40,000 50,000 4,727,000 ????? Assets Goodwill 90,000 1,700,000 1,150,000 Land & Buildings 2,000.000 Plant 80.000 2,00,000 Debtors 1,600.000 2,000,000 Stock 77,000 1,090,000 Bills Receivable 20,000 30,000 ???? Cash 25,000 6,770,000 ??????? Additional information: (a) Depreciation of P. 10.000 and P. 20,000 have been charged on plant and land & buildings respectively in 2009. (b) An interim dividend of P 20,000 has been paid in 2009. (0) P 35,000 income-tax was paid during the year 2009.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
integration
Transcribed Image Text:From the following balance sheets of X Ltd., make out the staternent of cash flows:
Liabilities
2008
2009
PHP
РHP
Equity Share Capital
8% Prefercnce Share Capital
3,000,000
1,500,000
4,000,000
1,000,000
General Reserve
40,000
70,000
Profit and Loss Account
30.000
48,000
Proposed Dividend
42,000
50,000
Creditors
280,000
83,000
Bills Payable
20.000
16,000
Provision for Taxation
40,000
50,000
4,727,000
?????
Assets
Goodwill
90,000
1,700,000
1,150,000
Land & Buildings
2,000.000
Plant
80.000
2,00,000
Debtors
1,600.000
2,000,000
Stock
77,000
1,090,000
Bills Receivable
20,000
30,000
????
Cash
25,000
6,770,000
????????
Additional information:
(a) Depreciation of P. 10.000 and P. 20,000 have been charged on plant and land & buildings respectively in 2009.
(b) An interim dividend of P 20,000 has been paid in 2009.
(0) P 35,000 income-tax was paid during the year 2009.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education