Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended. December 2022. INFORMATION The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 December 2021: Sales Cost of sales Depreciation Operating profit Interest expense Company tax for the year. Property, plant and equipment (carrying value) Long-term investments Inventories Accounts receivable Prepaid expenses Cash and cash equivalents Ordinary share capital (All shares issued at R10 each) Retained earnings Non-current liabilities Accounts payable Accrued expenses Dividends payable Company tax payable 31 Dec 2022 R 11 000 000 6 500 000 750 000 1 650 000 450 000 400 000 6 250 000 350 000 2 150 000 1 700 000 200 000 500 000 3 100 000 3 000 000 3 600 000 1 100 000 100 000 200 000 50 000 31 Dec 2021 5 000 000 400 000 2 050 000 1 700 000 50 000 350 000 3 100 000 2 500 000 3 350 000 200 000 70 000 250 000 80 000
Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended. December 2022. INFORMATION The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 December 2021: Sales Cost of sales Depreciation Operating profit Interest expense Company tax for the year. Property, plant and equipment (carrying value) Long-term investments Inventories Accounts receivable Prepaid expenses Cash and cash equivalents Ordinary share capital (All shares issued at R10 each) Retained earnings Non-current liabilities Accounts payable Accrued expenses Dividends payable Company tax payable 31 Dec 2022 R 11 000 000 6 500 000 750 000 1 650 000 450 000 400 000 6 250 000 350 000 2 150 000 1 700 000 200 000 500 000 3 100 000 3 000 000 3 600 000 1 100 000 100 000 200 000 50 000 31 Dec 2021 5 000 000 400 000 2 050 000 1 700 000 50 000 350 000 3 100 000 2 500 000 3 350 000 200 000 70 000 250 000 80 000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 14E: Interest and Income Taxes Staggs Company has prepared its 2019 statement of cash flows. In...
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please help me and solve this with working , explanation ,formula thanks answer in text please please show computation for numbers thanks
Transcribed Image Text:Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 31
December 2022.
INFORMATION
The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31
December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31
December 2021:
Sales
Cost of sales
Depreciation
Operating profit
Interest expense
Company tax for the year
Property, plant and equipment (carrying value)
Long-term investments
Inventories
Accounts receivable
Prepaid expenses
Cash and cash equivalents
Ordinary share capital (All shares issued at R10 each)
Retained earnings
Non-current liabilities
Accounts payable
Accrued expenses
Dividends payable
Company tax payable
.
31 Dec 2022
R
-11 000 000
6 500 000
750 000
1 650 000
450 000
400 000
6 250 000
350 000
2 150 000
1 700 000
200 000
500 000
3 100 000
3 000 000
3 600 000
1 100 000
100 000
200 000
50 000
31 Dec 2021
R
5 000 000
400 000
2 050 000
1 700 000
50 000
350 000
3 100 000
2 500 000
3 350 000
200 000
70 000
250 000
80 000
Transcribed Image Text:Note:
Dividends paid and recommended during 2022 amounted to R300 000.
All purchases and sales of inventories are on credit.
Some of the investments were redeemed during the financial year ended 31 December 2022.
Debtors are granted credit terms of 30 days.
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