show all working and do not copy from another site The following information has been extracted from the books of K.K Fosu LimitedLiability Company for the year to 31st December, 2019.Liabilities20192018Assets20192018GHCGHCGHCGHCShare capital400,000 300,000 | Goodwillpreference 100,000 150,000 Land & Building90,000115,000200,0008%170,000share capitalGeneral reservesPlant70,00048,00040,00030,000200,000200,00080,000160,000Profit & LossDebtorsProposed Dividend 50,00083,00016,00042,000Stock77,00020,00015,000109,000Creditors55,000Bills receivableBills payable30,00010,00020,00040,000817,000 677,000Cash in handProvision for taxCash at bank10,000677,00050,0008,000817,000Additional Information:(a) Depreciation of GHc. 10,000 and GHc. 20,000 have been charged on Plant andLand and Buildings in 2019.(b) An interim dividend of GHc 20,000 has been paid in 2019.(c) GHc 35,000 Income tax was paid during 2019.(d) Profit before tax in 2019 was GHc 188,000Required:a) Using IAS 7 indirect method, prepare a statement of cash flow for the yearended 31 December 2019

It is the statement that shows the amount of cash and cash equivalents earned and spend during the…

The following information has been extracted from the books of K.K Fosu Limited Liability Company for the year to 31s December, 2019. Liabilities 2019 2018 Assets 2019 2018 GHC GHC GHC GHC Share capital 400,000 300,000 Goodwill preference 100,000 | 150,000 | Land & Building 90,000 115,000 8% 170,000 200,000 share capital General reserves 200,000 80,000 200,000 40,000 Plant 70,000 48,000 Debtors Stock Profit & Loss 30,000 160,000 Proposed Dividend 50,000 83,000 16,000 42,000 55,000 20,000 109,000 77,000 20,000 30,000 15,000 10,000 Creditors Bills receivable Bills payable Provision for tax Cash in hand 50,000 40,000 Cash at bank 8,000 10,000 817,000 677,000 817,000 677,000 Additional Information: (a) Depreciation of GHc. 10,000 and GHc. 20,000 have been charged on Plant and Land and Buildings in 2019. (b) An interim dividend of GHc 20,000 has been paid in 2019. (c) GHc 35,000 Income tax was paid during 2019. (d) Profit before tax in 2019 was GHc 188,000 Required: a) Using IAS 7 indirect method, prepare a statement of cash flow for the year ended 31 December 2019

The following information has been extracted from the books of K.K Fosu Limited Liability Company for the year to 31s December, 2019. Liabilities 2019 2018 Assets 2019 2018 GHC GHC GHC GHC Share capital 400,000 300,000 Goodwill preference 100,000 | 150,000 | Land & Building 90,000 115,000 8% 170,000 200,000 share capital General reserves 200,000 80,000 200,000 40,000 Plant 70,000 48,000 Debtors Stock Profit & Loss 30,000 160,000 Proposed Dividend 50,000 83,000 16,000 42,000 55,000 20,000 109,000 77,000 20,000 30,000 15,000 10,000 Creditors Bills receivable Bills payable Provision for tax Cash in hand 50,000 40,000 Cash at bank 8,000 10,000 817,000 677,000 817,000 677,000 Additional Information: (a) Depreciation of GHc. 10,000 and GHc. 20,000 have been charged on Plant and Land and Buildings in 2019. (b) An interim dividend of GHc 20,000 has been paid in 2019. (c) GHc 35,000 Income tax was paid during 2019. (d) Profit before tax in 2019 was GHc 188,000 Required: a) Using IAS 7 indirect method, prepare a statement of cash flow for the year ended 31 December 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

show all working and do not copy from another site

The following information has been extracted from the books of K.K Fosu Limited
Liability Company for the year to 31st December, 2019.
Liabilities
2019
2018
Assets
2019
2018
GHC
GHC
GHC
GHC
Share capital
400,000 300,000 | Goodwill
preference 100,000 150,000 Land & Building
90,000
115,000
200,000
8%
170,000
share capital
General reserves
Plant
70,000
48,000
40,000
30,000
200,000
200,000
80,000
160,000
Profit & Loss
Debtors
Proposed Dividend 50,000
83,000
16,000
42,000
Stock
77,000
20,000
15,000
109,000
Creditors
55,000
Bills receivable
Bills payable
30,000
10,000
20,000
40,000
817,000 677,000
Cash in hand
Provision for tax
Cash at bank
10,000
677,000
50,000
8,000
817,000
Additional Information:
(a) Depreciation of GHc. 10,000 and GHc. 20,000 have been charged on Plant and
Land and Buildings in 2019.
(b) An interim dividend of GHc 20,000 has been paid in 2019.
(c) GHc 35,000 Income tax was paid during 2019.
(d) Profit before tax in 2019 was GHc 188,000
Required:
a) Using IAS 7 indirect method, prepare a statement of cash flow for the year
ended 31 December 2019

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