Question no 2 On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following ASSETS 2011 2010 Cash 7000 4800 Accounts Receivable 8500 9500 Merchandise Inventory Equipment 32500 33200 30100 24000 ТОTAL 78100 71500 EQUITIES Accumulated Depreciation Equipment Accounts Payable Mortgage Payable Share Capital – Rs. 10 per share 6100 4800 16800 19400 6000 10000 30000 25000 Share Premium 2500 Retained Earnings 16700 12300 ТОTAL 78100 71500 Additional Information: 1. A fully depreciated equipment that costs of Rs. 800 was discarded and related accounts were closed. 2. Cash dividend of Rs. 4,000 were declared and paid. Required: Prepare a Cash Flow Statement. Showing Operating, Investing, Financing activities.

Question no 2 On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following ASSETS 2011 2010 Cash 7000 4800 Accounts Receivable 8500 9500 Merchandise Inventory Equipment 32500 33200 30100 24000 ТОTAL 78100 71500 EQUITIES Accumulated Depreciation Equipment Accounts Payable Mortgage Payable Share Capital – Rs. 10 per share 6100 4800 16800 19400 6000 10000 30000 25000 Share Premium 2500 Retained Earnings 16700 12300 ТОTAL 78100 71500 Additional Information: 1. A fully depreciated equipment that costs of Rs. 800 was discarded and related accounts were closed. 2. Cash dividend of Rs. 4,000 were declared and paid. Required: Prepare a Cash Flow Statement. Showing Operating, Investing, Financing activities.

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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