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Requirements: Prepare a statement of cash flows for the year 2022. (

Requirements: Prepare a statement of cash flows for the year 2022. (

FINANCIAL ACCOUNTING
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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Problem solving. The comparative statements of financial position of ABC NV at the beginning and end of the year 2022 appear below. Assets Equipment Less: Accumulated depreciation equipment Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary Retained earnings ABC NV Statements of Financial Position Accounts payable Total Dec. 31, 2022 Jan. 1, 2022 Inc./Dec. € 61,500 € 45,800 €15,700 Inc. (10,000) 8,000 Inc. 53,000 29,000 Inc. 42,000 33,300 Inc. €130,800 (18,000) 82,000 75,300 €200,800 €110,000 62,800 28,000 €200,800 € 100,000 13,800 17.000 €130,800 Requirements: Prepare a statement of cash flows for the year 2022. ( 10,000 Inc. 49,000 Inc. 11,000 Inc. -Net income of €51,000 was reported, and dividends of €2,000 were paid in 2022. New equipment was purchased and none was sold.
Transcribed Image Text:Problem solving. The comparative statements of financial position of ABC NV at the beginning and end of the year 2022 appear below. Assets Equipment Less: Accumulated depreciation equipment Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary Retained earnings ABC NV Statements of Financial Position Accounts payable Total Dec. 31, 2022 Jan. 1, 2022 Inc./Dec. € 61,500 € 45,800 €15,700 Inc. (10,000) 8,000 Inc. 53,000 29,000 Inc. 42,000 33,300 Inc. €130,800 (18,000) 82,000 75,300 €200,800 €110,000 62,800 28,000 €200,800 € 100,000 13,800 17.000 €130,800 Requirements: Prepare a statement of cash flows for the year 2022. ( 10,000 Inc. 49,000 Inc. 11,000 Inc. -Net income of €51,000 was reported, and dividends of €2,000 were paid in 2022. New equipment was purchased and none was sold.
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