Prepare a cash flow statement for Perkins Limited for year ended 30june 2022 31.ARDENThe following information is available for Perkins Limited.BALANCE SHEETNON-CURRENTASSETSTangible assetsCURRENT ASSETSInventoryTrade receivablesBank and cashCURRENTLIABILITIESTrade payablesBank overdraftTaxationNET CURRENTASSETSEQUITY ANDLIABILITIESShare capitalRetained earningsNON-CURRENTLIABILITIESLoan£PRUNIVERSITY30 June 2022£177,500155,200(121,500)(20, 100)(17,000)1,299,000174,1001,473,100800,000173,100973,100500,0001,473,10030 June 2021££132,300118,20012,200(132,700)(13,300)1,100,000116,7001,216,700700,00060,200760,200456,5001,216,700NI INCOME STATEMENTSTurnoverCost of salesGross profitOperating expensesOperating profitFinance costsProfit before taxationTaxProfit for yearNotes:Tangible assets are made up of:Net Book Value:Land and propertyEquipmentMotor vehiclesTotalAARDENLand and propertyEquipmentMotor vehiclesUNIVERSITY30 JUNE 2022£2,066,000(1,565,400)500,600(289,900)210,700(45,000)165,700(52,800)112,900Depreciation for the year ended 30 June 2022included in operating expenses:30 June 202£889,215,195,1,299,Nil45,00030,000During the year Conrad Limited purchased additional equipment.30 JUNE 2021£1,720,000(1,445,600)274,400(189,500)84,900(30,000)54,900(13,000)41,90030 June 2021£700,000175,000225,0001,100,000LOUICHAG

Cash flows statement is one of the financial statement of the business used for reviewing liquidity…

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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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choose the correct letter of answer based on the picture attached: How much is the total assets of Jasmine, Inc. in 2019? a. P 11,179,785 b. P 6,500,285 c. P 6,724,785 d. P 4,522,500 8. How much cash dividend was declared and paid in 2019? * a. P 200,000 b. P 300,000 c. P 400,000 d. P 500,000
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Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. and would like you to prepare the cash flow statement. The comparative balance sheet of Cookie & Coffee Creations Inc. at October 31, 2023 for the years 2023 and 2022 and the income statement for the year ended October 31, 2023, are presented below. COOKIE & COFFEE CREATIONS INC.Balance SheetOctober 31, Assets 2023 2022 Cash $29,074 $11,550 Accounts receivable 3,250 2,710 Inventory 7,897 7,450 Prepaid expenses 5,800 6,050 Equipment 102,000 75,500 Accumulated depreciation— equipment (25,200) (9,100) Total assets $122,821 $94,160 Liabilities and Stockholders’ Equity 2018 2017 Accounts payable $1,150 $2,450 Income taxes payable 9,251 7,200 Dividends payable 27,000 27,000 Salaries and wages payable 7,250 1,280 Interest…
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2022 January 1- The partners decide to liquidate the partnership. They have the following balances: Cash $93,667 Accounts Receivable $4 500 Equipment $ 46,250 Accumulated Depreciation $ 25 000 Accounts Payable $4417 The partners were able to collect $3 500 of the accounts receivable and sell the equipment for $57,250 a) Record all journal entries to dissolve the partnership in the following order. i) Record the collection of the A/R and sale of the equipment. You need to close out the A/R, Equipment and Accumulated Amortization Accounts. There will be either a Gain on Disposal or Loss on Disposal of Assets account needed to balance the journal entry. ii) Allocate the Gain or Loss on Disposal to the two partners capital accounts. iii) Pay off any outstanding liabilities. iv) Pay out the Capital balances to the remaining partners from the Bank account. Do the balance sheet on the left to help you determine the new Bank balance and the final Capital balances.
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1. Prepare a forccast cash flow stateaent for 2020. The beginning and ending balances in each of the balance sheet accounts Dec. 31, 2019 Dec. 31, 2020 Pi00,000 360,000 460,000 30,000 P950,000 P1,500,000 Cash P260,000 Accounts receivable Inventory Prepaid insurance Total current assets 180,000 400,000 50,000 P890,000 P1,200,000 Land Plant & equipment Accumulated depreciation Total non-current assets 1,000,000 (400,000) P1,800,000 1,400,000 (500,000) P2,400,000 Total assets P2,690,000 P3,350,000 Accounts payable Accrued operating expenses Interest payable Income taxes payable Р 300,000 200,000 20,000 122,000 P 260,000 132,000 30,000 150.000 P 572,000 700,000 1,100,000 978,000 P 642,000 600,000 Total current liabilities Bonds payable Common stock 800,000 Retained earnings 648,000 Total liabilities & equity P2,690,000 P3,350,000 The forecast income statement for the Mexico Company for 2020 is presented below: Sales Cost of sales Gross profit Operating expenses Income before interest & tax…

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