From the following Balance Sheets of X Ltd. make out the Cash Flow StatementBALANCE SHEETASSETSQ2.2017LIABILITIESEquity Share CapitalPreference ShareCapital20182017201890000300000400000Goodwill115000Land & BuildingPlant15000010000020000017000080000200000General Reserve4000070000Debtors160000200000Profit and Loss Account 30000Proposed dividend48000Stock770001090004200050000Bills Receivable2000030000Creditors5500083000Cash in hand1500010000Bills payable2000016000Cash at bank100008000Provision for taxation4000050000677000817000677000817000ADDITIONAL INFORMATION:1. Depreciation of Rs. 10,000 and Rs. 20,000 has been charged on Plant and land and buildingrespectively in 2018.2. A dividend of Rs. 20000 has been paid in 2018.3. Tax of Rs. 35000 has been paid in 2018.

Cash flow statement shows all cash inflows and cash outflows of the business for the particular…

Q2. From the following Balance Sheets of X Ltd. make out the Cash Flow Statement BALANCE SHEET LIABILITIES Equity Share Capital Preference Share Capital General Reserve Profit and Loss Account 30000 2017 2018 400000 ASSETS 2017 2018 90000 300000 Goodwill 115000 150000 100000 Land & Building 200000 170000 Plant 80000 200000 40000 70000 Debtors 160000 200000 48000 Stock 77000 109000 Proposed dividend 42000 55000 50000 Bills Receivable 20000 30000 Creditors 83000 Cash in hand 15000 10000 Bills payable Provision for taxation 20000 16000 Cash at bank 10000 8000 40000 677000 50000 817000 677000 817000 ADDITIONAL INFORMATION: 1. Depreciation of Rs. 10,000 and Rs. 20,000 has been charged on Plant and land and building respectively in 2018. 2. A dividend of Rs. 20000 has been paid in 2018. 3. Tax of Rs. 35000 has been paid in 2018.

Q2. From the following Balance Sheets of X Ltd. make out the Cash Flow Statement BALANCE SHEET LIABILITIES Equity Share Capital Preference Share Capital General Reserve Profit and Loss Account 30000 2017 2018 400000 ASSETS 2017 2018 90000 300000 Goodwill 115000 150000 100000 Land & Building 200000 170000 Plant 80000 200000 40000 70000 Debtors 160000 200000 48000 Stock 77000 109000 Proposed dividend 42000 55000 50000 Bills Receivable 20000 30000 Creditors 83000 Cash in hand 15000 10000 Bills payable Provision for taxation 20000 16000 Cash at bank 10000 8000 40000 677000 50000 817000 677000 817000 ADDITIONAL INFORMATION: 1. Depreciation of Rs. 10,000 and Rs. 20,000 has been charged on Plant and land and building respectively in 2018. 2. A dividend of Rs. 20000 has been paid in 2018. 3. Tax of Rs. 35000 has been paid in 2018.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Find the value of XYZ Co’s equity share by using free cash flow to firm (FCFF) approach with the help of following information. SOURCES OF FUNDS 2020-2021 APPLICATION OF FUNDS 2020-2021 Shareholders’ funds Gross fixed assets 1,100 Equity share capital (12 crore shares of Rs.10 each) 120 Less: accumulated depreciation 400 Reserves and Surplus 280 Net fixed assets 700 10% Loan 600 Net working capital 300 1,000 1,000 The EBIT of XYZ for 2020-2021 is Rs.250 crore. Depreciation for the year is Rs. 70crore The company is subject to 40% tax rate. The growth in sales, depreciation NOPAT (net operating profit after tax), gross fixed assets and net working capital will be 18% for the first three years, 10% for the next two years and 7% thereafter. There will be no change in the tax rate and present debt ratio. The expected rate of return of equity shareholders is 16%
Critically evaluate and compare the firm’s Profit and Loss Statement and the Cash Flow Statement and explain whether the two are in harmony of each other. Make suggestions for improvement, in case you find any dissonance.
Prepare Cash Flow Statement
From the following information, balance the ledger Cash A/c Date Particulars Amount Date Particulars Amount 1.6.2017 CAPITAL 84000 5.6.2017 Purcahses 14600 10.6.2017 sales 9500 30.6.2017 General expenses 178 30.6.2017 Salaries 4500 30.6.17 Bal C/d ? Select one: a. 84222 OMR b. 45522 OMR c. 74222 OMR d. 94222 OMR
Please solve this question
STATEMENT OF CASH FLOW EXAMPLE Kerby Company has prepared the following Balance Sheets for 2023 and 2022. Cash 12/31/23 $ 56 12/31/22 $ 40 Accounts receivable 41 42 Fixed assets 579 465 Accumulated depreciation (170) (140) $506 $407 Accounts payable Mortgage payable Preferred stock $ 74 $ 60 20 181 Additional Paid-In Capital - preferred 70 Common stock Retained earnings 100 61 ២៩៩៩88 100 100 $506 $407 1. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67. 2. Retained Earnings was adjusted by dividends and net income only. 3. Net Income in 2023 was $80. a. Net Cash Provided by Operations is $ b. Net Cash Used by Investments is $ c. Net Cash Provided by Financing is $
Financial Statement Analysis Compute for Leverage Ratio for year 2018 - 2020: a. Debt Ratio b. Debt to Equity Ratio c. Time Interest Earned Ratio
XYZ Co. had the following activities in 2020: Issue of Bonds OMR 15000 Increase in receivables OMR 16000 Decrease in Land OMR 35000 Payment of Bank Loan OMR 8000 Sale of Building OMR 13000 Payment of Dividend OMR 4000 Purchase of equipment OMR 10000 Purchase of Treasury shares OMR 6000 Issue of Common stock OMR 22000 What is the cash flows from financing activities? Select one: O a. OMR 20000 b. OMR 15000 c. OMR 19000 d. NONE OF THE OPTIONS
perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair Inse
PLS I NEED NEW ANSWER. DO NOT COPY FROM THE NET First Philippine Holdings Corporation Liquidity Ratio 1. Discussion and analysis of Liquidity Ratio. 2. Overview of the business performance over the past three years and discussion of the analysis of liquidity.
where to account for dividend (4) is it true that the depreciation under adjustment in cash flows from operating activites is 332000
Question: Calculate the weights of capital components based on the book value balance sheet. (answer in excel format and show input for spreadsheets)