Preparation of statement of cash flow and a statement of financial position Land $30.000 Bond payable 100.000 Bulding 120.000 Current Liabilities 150.000 Equipment 90.000 Share capital (ordinary) 180.000 Acc.depreciation bulding (30.000) Retained earnings 44.000 Acc. Depreciation building (11.000) Totaal 474.000 Patents 40.000 Current asset 235.000 Total 474.000 The following information is available for 2019 Net income was $ 55,000 Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000 Depreciation expense was %4,000 on the building and $9,000 for equipment Patent amortize cost was $ 2,500 Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000 An additional to the building was completed at a cost $16,000 Bonds payable of $50,000 were issued A long term investment in debt securities was purchased for $ 16,000 Cash devident of $25,000 were declared and paid Treasury shares were purchased at a cost $ 11,000 Instruction : Prepare a statement of cash flows for 2019 Prepare a statement of financial position at december 2019
Preparation of statement of cash flow and a statement of financial position Land $30.000 Bond payable 100.000 Bulding 120.000 Current Liabilities 150.000 Equipment 90.000 Share capital (ordinary) 180.000 Acc.depreciation bulding (30.000) Retained earnings 44.000 Acc. Depreciation building (11.000) Totaal 474.000 Patents 40.000 Current asset 235.000 Total 474.000 The following information is available for 2019 Net income was $ 55,000 Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000 Depreciation expense was %4,000 on the building and $9,000 for equipment Patent amortize cost was $ 2,500 Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000 An additional to the building was completed at a cost $16,000 Bonds payable of $50,000 were issued A long term investment in debt securities was purchased for $ 16,000 Cash devident of $25,000 were declared and paid Treasury shares were purchased at a cost $ 11,000 Instruction : Prepare a statement of cash flows for 2019 Prepare a statement of financial position at december 2019
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Preparation of statement of cash flow and a
Land $30.000 Bond payable 100.000
Bulding 120.000 Current Liabilities 150.000
Equipment 90.000 Share capital (ordinary) 180.000
Acc.
Acc. Depreciation building (11.000) Totaal 474.000
Patents 40.000
Current asset 235.000
Total 474.000
The following information is available for 2019
- Net income was $ 55,000
- Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000
- Depreciation expense was %4,000 on the building and $9,000 for equipment
- Patent amortize cost was $ 2,500
- Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000
- An additional to the building was completed at a cost $16,000
- Bonds payable of $50,000 were issued
- A long term investment in debt securities was purchased for $ 16,000
- Cash devident of $25,000 were declared and paid
- Treasury shares were purchased at a cost $ 11,000
Instruction :
- Prepare a statement of
cash flows for 2019 - Prepare a statement of financial position at december 2019
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