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Business
Accounting
Net income during the year 2,250,000 Proceeds from issuance of preference shares Dividends paid on preference shares Bonds payable converted to ordinary shares Payment for purchase of machinery Proceeds from sale of plant building Retirement of bonds payable at face value 2% bonus issue on ordinary shareholders Purchase of ordinary treasury shares 4,000,000 400,000 2,000,000 500,000 1,200,000 2,500,000 300,000 120,000

Net income during the year 2,250,000 Proceeds from issuance of preference shares Dividends paid on preference shares Bonds payable converted to ordinary shares Payment for purchase of machinery Proceeds from sale of plant building Retirement of bonds payable at face value 2% bonus issue on ordinary shareholders Purchase of ordinary treasury shares 4,000,000 400,000 2,000,000 500,000 1,200,000 2,500,000 300,000 120,000

FINANCIAL ACCOUNTING
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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WHAT IS THE NET CASH PROVIDED BY OPERATING ACTIVITIES?

Net income during the year Proceeds from issuance of preference shares Dividends paid on preference shares Bonds payable converted to ordinary shares Payment for purchase of machinery Proceeds from sale of plant building Retirement of bonds payable at face value 2% bonus issue on ordinary shareholders Purchase of ordinary treasury shares Payment for the purchase of debt securities at amortized cost Gain on sale of plant building Depreciation expense Doubtful accounts expense 2,250,000 4,000,000 400,000 2,000,000 500,000 1,200,000 2,500,000 300,000 120,000 450,000 200,000 188,000 87,000 325,000 129,000 440,000 90,000 225,000 117,000 15,000 Increase in accounts receivable Decrease in merchandise inventory Increase in investments in equity securities at FVPL Increase in accounts payable Decrease in accrued expenses Increase in income tax payable Increase in interest payable
Transcribed Image Text:Net income during the year Proceeds from issuance of preference shares Dividends paid on preference shares Bonds payable converted to ordinary shares Payment for purchase of machinery Proceeds from sale of plant building Retirement of bonds payable at face value 2% bonus issue on ordinary shareholders Purchase of ordinary treasury shares Payment for the purchase of debt securities at amortized cost Gain on sale of plant building Depreciation expense Doubtful accounts expense 2,250,000 4,000,000 400,000 2,000,000 500,000 1,200,000 2,500,000 300,000 120,000 450,000 200,000 188,000 87,000 325,000 129,000 440,000 90,000 225,000 117,000 15,000 Increase in accounts receivable Decrease in merchandise inventory Increase in investments in equity securities at FVPL Increase in accounts payable Decrease in accrued expenses Increase in income tax payable Increase in interest payable
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