Refer to the following financial statements for Kodenko Inc: Prepare forecasts of its income statement, statement of financial position and statement of cash flows for 2020 under the following assumptions: a. All financial ratio remains at 2019 level. b. Kodenko will not record restructuring costs for 2020. c. Taxes payable are at the 2019 level of RM544 million. d. Depreciation expense charged to Selling, general and administrative is RM765million for 2019 and 2018 repectively. e. Gross PPE is RM 12,982 million and RM12,963 million for 2019 and 2018 respectively. f. Projected current maturities of long term debt are RM13 million for 2020. g. Capital expenditure for 2019 and 2018 are RM1,047 and RM783, respectively
Refer to the following financial statements for Kodenko Inc: Prepare forecasts of its income statement, statement of financial position and statement of cash flows for 2020 under the following assumptions: a. All financial ratio remains at 2019 level. b. Kodenko will not record restructuring costs for 2020. c. Taxes payable are at the 2019 level of RM544 million. d. Depreciation expense charged to Selling, general and administrative is RM765million for 2019 and 2018 repectively. e. Gross PPE is RM 12,982 million and RM12,963 million for 2019 and 2018 respectively. f. Projected current maturities of long term debt are RM13 million for 2020. g. Capital expenditure for 2019 and 2018 are RM1,047 and RM783, respectively
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
Related questions
Question
Refer to the following financial statements for Kodenko Inc:
Prepare
flows
a. All financial ratio remains at 2019 level.
b. Kodenko will not record restructuring costs for 2020.
c. Taxes payable are at the 2019 level of RM544 million.
d.
2019 and 2018 repectively.
e. Gross PPE is RM 12,982 million and RM12,963 million for 2019 and 2018 respectively.
f. Projected current maturities of long term debt are RM13 million for 2020.
g. Capital expenditure for 2019 and 2018 are RM1,047 and RM783, respectively
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning