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The Following is the Comparative Balance sheet Data of Radiant Co. 2019 2018 Assets Cash 25,000 50,000 60,000 25,000 280,000 (70,000) 30,000 60,000 Accounts Receivable Merchandise Inventory Prepaid Expense 75,000 10,000 110,000 (30,000) Fixed Assets Allowance For Depreciation Net Fixed Assets 210,000 80,000 Land 150,000 120,000 Patent & Trade Marks 10,000 530,000 15,000 390,000 Total Assets Equities Accounts Payable 20,000 15,000 15,000 25,000 150,000 150,000 Unearned Incomes Long Term Loan Share Capital Retained Earnings Total Equities 180,000 230,000 85,000 530,000 50,000 390,000 Other Information: • Dividend declared and paid for 2019 is Rs. 90,000. • Net Income for 2009 was Rs. 125,000 • A fully depreciated Equipment of Rs. 10,000 was discarded with no Salvage Value. • Furniture costing 40,000 with Book Value of 25,000 was sold for Rs.20,000

The Following is the Comparative Balance sheet Data of Radiant Co. 2019 2018 Assets Cash 25,000 50,000 60,000 25,000 280,000 (70,000) 30,000 60,000 Accounts Receivable Merchandise Inventory Prepaid Expense 75,000 10,000 110,000 (30,000) Fixed Assets Allowance For Depreciation Net Fixed Assets 210,000 80,000 Land 150,000 120,000 Patent & Trade Marks 10,000 530,000 15,000 390,000 Total Assets Equities Accounts Payable 20,000 15,000 15,000 25,000 150,000 150,000 Unearned Incomes Long Term Loan Share Capital Retained Earnings Total Equities 180,000 230,000 85,000 530,000 50,000 390,000 Other Information: • Dividend declared and paid for 2019 is Rs. 90,000. • Net Income for 2009 was Rs. 125,000 • A fully depreciated Equipment of Rs. 10,000 was discarded with no Salvage Value. • Furniture costing 40,000 with Book Value of 25,000 was sold for Rs.20,000

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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Prepare Cash Flows Statement showing Operating, Investing and Financing Activities.

The Following is the Comparative Balance sheet Data of Radiant Co. 2019 2018 Assets Cash 25,000 50,000 30,000 Accounts Receivable 60,000 Merchandise Inventory 60,000 75,000 Prepaid Expense 25,000 280,000 (70,000)| 10,000 110,000 (30,000) Fixed Assets Allowance For Depreciation Net Fixed Assets 210,000 80,000 Land 150,000 120,000 Patent & Trade Marks 10,000 530,000 15,000 390,000 Total Assets Equities Accounts Payable 20,000 15,000 180,000 230,000 15,000 Unearned Incomes 25,000 Long Term Loan Share Capital Retained Earnings Total Equities Other Information: • Dividend declared and paid for 2019 is Rs. 90,000. • Net Income for 2009 was Rs. 125,000 • A fully depreciated Equipment of Rs. 10,000 was discarded with no Salvage 150,000 150,000 85,000 530,000 50,000 390,000 Value. • Furniture costing 40,000 with Book Value of 25,000 was sold for Rs.20,000
Transcribed Image Text:The Following is the Comparative Balance sheet Data of Radiant Co. 2019 2018 Assets Cash 25,000 50,000 30,000 Accounts Receivable 60,000 Merchandise Inventory 60,000 75,000 Prepaid Expense 25,000 280,000 (70,000)| 10,000 110,000 (30,000) Fixed Assets Allowance For Depreciation Net Fixed Assets 210,000 80,000 Land 150,000 120,000 Patent & Trade Marks 10,000 530,000 15,000 390,000 Total Assets Equities Accounts Payable 20,000 15,000 180,000 230,000 15,000 Unearned Incomes 25,000 Long Term Loan Share Capital Retained Earnings Total Equities Other Information: • Dividend declared and paid for 2019 is Rs. 90,000. • Net Income for 2009 was Rs. 125,000 • A fully depreciated Equipment of Rs. 10,000 was discarded with no Salvage 150,000 150,000 85,000 530,000 50,000 390,000 Value. • Furniture costing 40,000 with Book Value of 25,000 was sold for Rs.20,000
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