The following information relates to Appleton Ltd for the year ended 30 June 2020.1 Purchase Land for £40,0002A loan for £30,000 was taken from the bank3 Bought Inventory for £12,000 cash4 Sold Inventory for £27,000 cash5Purchase motor vehicle for £ 10,000 cash6Paid interest expenses on loan £2,50O7 Paid HMRC £5,500 corporation toxBNew shares for £50,000 were issued9 Received interest £500 on cash balance10Paid £7,000 dividends to shareholdersYou are required to prepare a statement of cashflow for Appleton Ltd for the period to 30 June 2020. You must classify thetransactions under the main cashflow activities and state the net cash inflow/ outflow for the period.E10 (DC or ALT+EN+F10 (Maci.

Following is the requisite cash flow statement

The following information relates to Appleton Ltd for the year ended 30 June 2020. 1 Purchase Land for £40,000 2A loan for £30,000 was taken from the bank 3 Bought Inventory for E12,000 cash 4 Sold Inventory for £27,000 cash 5Purchase motor vehicle for £ 10,000 cash 6Paid interest expenses on loan £2,500 7 Paid HMRC £5,500 corporation tax 8New shares for £50,000 were issued 9Received interest £500 on cash balance 10Paid £7,0000 dividends to shareholders You are required to prepare a statement of cashflow for Appleton Ltdfor the period to 30 June 2020. You must classify the transactions under the main cashflow activities and state the net cash inflow/ outflow for the period.

The following information relates to Appleton Ltd for the year ended 30 June 2020. 1 Purchase Land for £40,000 2A loan for £30,000 was taken from the bank 3 Bought Inventory for E12,000 cash 4 Sold Inventory for £27,000 cash 5Purchase motor vehicle for £ 10,000 cash 6Paid interest expenses on loan £2,500 7 Paid HMRC £5,500 corporation tax 8New shares for £50,000 were issued 9Received interest £500 on cash balance 10Paid £7,0000 dividends to shareholders You are required to prepare a statement of cashflow for Appleton Ltdfor the period to 30 June 2020. You must classify the transactions under the main cashflow activities and state the net cash inflow/ outflow for the period.

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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