Sigh Corporation has the ff information for year 2010: Increase in current assets other than cash Unrealized gain on FVOCI equity investments Depreciation and amortization USD 300,000 41,000 343,000 Treasury stock acquired for cash 108,000 605,000 Carrying value of long-term debt retired Cash paid to settle long-term debt Cash dividends paid 587,000 167,000 Equipment acquired for cash 276,000 Additional information: The net income of Sigh Corp for 2010 amounted to USD 1,780, 000. The current liabilities also increased by USD 129,000. Determine the net cash flow provided/used from operating activities for the year ended in 2010. Show solution and explanation.
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- 9. Selected information on PQR Company for 2022 are shown as follows: P275,000 Increase in current assets other than cash Unrealized gain on FVOCI equity investments Net income 30,000 1,882,000 Depreciation and amortization 256,000 Treasury stock acquired for cash 100,000 Carrying value of long-term debt retired 600,000 591,000 Cash paid to settle long-term debt Cash dividends paid 175,000 Equipment acquired for cash 200,000 Increase in current liabilities 122,000 The net cash flow provided by/used from operating activities for the year ended December 31, 2022 is: (Indicate if provided or used)Financed by: Paid-up: Share Capital Retained Earnings Reserves Long Term Liabilities Current Other payables Trade creditors Liabilities Accrued expense Barakah Company Balance Sheet as at 31st December 2019 100,000 245,500 30,000 Additional Information: i) ii) 600,000 155,500 75,000 830,500 25,000 375,500 1,231,000 Fixed Assets (net after depreciation) $ Land & Buildings Equipment Vehicles Fixtures & Fittings Current Assets Inventory Accounts Receivable Prepayments Cash at Bank Cash in Hand Work-in-Progress is one-sixth of the total Inventory. Prepayments are related to the rental of buildings. Bad debt is 5% for the year. Non-Muslim ownership is at 20%. 350,500 200,500 150,000 50,000 751,000 Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method. 125,000 215,000 10,000 110,000 20,000 1,231,000From the following information of Axis Limited compute the Replacement Cost Value / Net Substantial Value Liabilities Equity Share Capital Preference Share Capital Reserves and Surplus Adjustment Long-term Debt Short-term Debt Creditors Amount (Mn$) 2000 1100 800 1400 800 1700 Assets 1100 Debtors 8,900 Fixed Assets Inventories Cash and Bank Balance Amount (Mn$) 4100 2350 1150 1300 8,900
- According to the information given in the table below, which of the following is cash flow from financing activities? Increase in loan 25800 Increase in bonds 84000 Decrease in common stock 29600 Increase in land 18500 22222 Depreciation Select one: O a. -39478 O b. 19300 O c. 44444 O d. 80200Abacus Co., provided these data for 2020: Income from continuing operations 4,000,000 800,000 Unrealized gain on financial asset at FVPL Unrealized gain on equity investment at FVOCI 1,000,000 1,200,000 Unrealized loss on debt investment at FVOCI Loss on credit risk a financial liability at FVPL Unrealized gain on futures contract designated as cash flow hedge Net remeasurement gain on a defined benefit plan Translation loss on foreign operation Income from discontinued operations Revaluation surplus 300,000 400,000 600,000 200,000 500,000 2,500,000 How much should be reported as other comprehensive income for 2020?Category. Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,735.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,152.00 Interest expense 40,500 42,662.00 Inventories 279,000 288,000 Long-term debt 339,349.00 400,985.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,641.00 Retained earnings 306,000 342,000 Sales 639,000 848,846.00 Тахes 24,750 47,931.00
- cash flow statment Assets Long term investments long-term assets Brand name & Goodwell The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Inventory Accounts receivable Cash Total J Equity and Liabilities Share capital ordinary Retained earnings Accounts payable Income Tax payable Total Ć Lopez Inc. Statements of Financial Position Dec.31, 2022 $ 56,000 115,000 50,000 100,000 65,000 12,000 $398,000 $250,000 61,000 53,000 34,000 $398,000 Jan. 1, 2022 $ 40,000 150,000 43,000 60,000 40,000 43,000 $376,000 $ 200,000 91,000 75,000 10,000 $376,000 Additional information Net income $90,000 Deprecation on long term assets $25,000 dividends of $15,000 were paid in 2022 a long-term asset with a net book value of $10,000 were sold at a gain of $17,000 Instructions From the information given above, prepare a Cash Flow Statement for Lopez Inc. for the period ending 31st Dec., 2022 (Using indirect method). Show very clearly…The comparative balance sheets for Metlock Corporation show the following information. December 312020 2019Cash $33,500 $12,900Accounts receivable 12,400 10,000Inventory 12,100 9,000Available-for-sale debt investments –0– 3,000Buildings –0– 29,800Equipment 44,800 19,900Patents 5,000 6,300 $107,800 $90,900Allowance for doubtful accounts $3,100 $4,500Accumulated depreciation—equipment 2,000 4,500Accumulated depreciation—building –0– 6,000Accounts payable 5,000 3,000Dividends payable –0– 4,900Notes payable, short-term (nontrade) 3,000 4,100Long-term notes payable 31,000 25,000Common stock 43,000 33,000Retained earnings 20,700 5,900 $107,800 $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…Significant changes to be made during the year are listed below: substantial investments in new product lines and in a modernization program, During the next fiscal year ending June 30, 2020, Texas Company will nake Sienificant changes to be made during the year are listed below: L Equipment with a net book value of P86,000 will be sold during the year. 2 All of the capital stock of Ohio Company will be exchanged with 5,000 shares of Texas Company at a time when the market value is P40 per share. P250,000 cash will also be given as part payment. 3. Bonds having a face value of P1,000,000 will be issued on June 30, 2020 at 98%. 4. Trading securities carried at market value of P200,000 will be sold for P215,000. 5. New equipment will be purchased during the year. 6. A new building will be purchased at a cost of P1,000,000, although there are no building retirements. 1. Cash dividends wil! be paid to stockholders. The financial statements forecast for the vear ended June 30, 2020 are…
- Sunland Company reported the following information for 2025: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale debt securities Cash dividends received on the securities O $490300. O $404600. $480700. $2420000 O $85700. 1754000 271000 85700 For 2025, Sunland would report comprehensive income (ignoring tax effects) of 9600The following items involve the cash flow activities of Prizzie Company for 2016:UVI Online ACC 3010 Mid-term Assessment 4Net Income $162,000Payment of Dividends $25,0001,000 shares of stock issued at $20 par $20,000Amortization Expense on patents $7,000Plant assets acquired at a cost of $75,000Accounts Receivable Increase of $9,000Accounts Payable Decrease of $10,000Salaries Payable Increase of $6,500Beginning Cash Balance $18,000Required: Prepare the statement of cash flows of Prizzie Company for 2016 using theindirect method.KLM Co. had the following information in 2020: Issuance of common stock Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of long Term Assets Decrease in Accounts receivable 32000 15000 21000 55000 29000 24000 17000 Purchase of short term investment 12000 Increase of prepaid expenses Purchase of land 15000 50000 37800 Net Profit Depreciation Amortization 18500 9500 Prepare cash flows statement, use indirect method for operating cash flow.