Selected accounts from the SFP of Bonang Corp. at 31 December 20X5 and 20X4 are presented below (in thousands). Bonang reported earnings of $1,500 in 20XS. Bonds payable were retired during the year at 105. Discount amortization for the year was $30. A financing lease with a present value of $540 was recorded in 20X5; payments had been made under the lease contract by the end of the fiscal year. As at 31 December 20X5 20X4 Bonds payable, 7% $1,350 $2,100 Discount on bonds payable (90) (210) Lease liability 495 Common shares 900 690 Retained earnings 1,830 1,620 Required: List the items that would be included in the SCF from these accounts for 20X5. Include the appropriate section (operating. investing, or financing). List the non-cash item disclosure. Make logical assumptions about unexplained changes in accounts

Selected accounts from the SFP of Bonang Corp. at 31 December 20X5 and 20X4 are presented below (in thousands). Bonang reported earnings of $1,500 in 20XS. Bonds payable were retired during the year at 105. Discount amortization for the year was $30. A financing lease with a present value of $540 was recorded in 20X5; payments had been made under the lease contract by the end of the fiscal year. As at 31 December 20X5 20X4 Bonds payable, 7% $1,350 $2,100 Discount on bonds payable (90) (210) Lease liability 495 Common shares 900 690 Retained earnings 1,830 1,620 Required: List the items that would be included in the SCF from these accounts for 20X5. Include the appropriate section (operating. investing, or financing). List the non-cash item disclosure. Make logical assumptions about unexplained changes in accounts

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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