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where to account for dividend (4) is it true that the depreciation under adjustment in cash flows from operating activites is 332000

where to account for dividend (4) is it true that the depreciation under adjustment in cash flows from operating activites is 332000

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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where to account for dividend (4) is it true that the depreciation under adjustment in cash flows from operating activites is 332000

. the comparative statements of financial position of SearchNoMore Bhd (SNMB) for the year 2020 are as follows: SearchNoMore Bhd Statement of Financial Position As at 31 December 2020 2020 2019 RM RM 40,000 ↑ 142000 130,000 1 50 000 Cash 182,000 Accounts Receivable 180,000 116,000 1 &000 20,000 1 4000 Inventories 124,000 24,000 180,000 Prepayments 160,000 12 0 000 560,000 80000 (120,000) 1 64000 Land Plant 640,000 Accumulated Depreciation (184,000) Total Assets 1,146,000 906,000 Accounts Payable Borrowings Share Capital Retained Earnings 90,000 T870 00 96,000 400,000 320,000 1 8ooo0 460,000 400,000 1 60000 190,000 96,000 t 94000 Total Equity and Liabilities 1,146,000 906,000 Additional information: 1. There were no disposals of land or plant during the year. 2. RM60,000 of borrowing was settled through the issue of ordinary shares. There were no other repayments of borrowings. 3. Profit after tax for the year was RM240,000, interest expense was RM28,000 and income tax expense was RM82,000. There were no items of other comprehensive income. 4. RM146,000 of dividend was paid during the year. 5. Sales revenue for the year was RM600,000. There was no other revenue. REQUIRED: Prepare the Statement of Cash Flows for SNMB for the year ended 31 December 2020 using indirect method in accordance to MFRS 107 Statement of Cash Flows. bafore tex 157 pen bin clocing Adjus meny : 3320 HU
Transcribed Image Text:. the comparative statements of financial position of SearchNoMore Bhd (SNMB) for the year 2020 are as follows: SearchNoMore Bhd Statement of Financial Position As at 31 December 2020 2020 2019 RM RM 40,000 ↑ 142000 130,000 1 50 000 Cash 182,000 Accounts Receivable 180,000 116,000 1 &000 20,000 1 4000 Inventories 124,000 24,000 180,000 Prepayments 160,000 12 0 000 560,000 80000 (120,000) 1 64000 Land Plant 640,000 Accumulated Depreciation (184,000) Total Assets 1,146,000 906,000 Accounts Payable Borrowings Share Capital Retained Earnings 90,000 T870 00 96,000 400,000 320,000 1 8ooo0 460,000 400,000 1 60000 190,000 96,000 t 94000 Total Equity and Liabilities 1,146,000 906,000 Additional information: 1. There were no disposals of land or plant during the year. 2. RM60,000 of borrowing was settled through the issue of ordinary shares. There were no other repayments of borrowings. 3. Profit after tax for the year was RM240,000, interest expense was RM28,000 and income tax expense was RM82,000. There were no items of other comprehensive income. 4. RM146,000 of dividend was paid during the year. 5. Sales revenue for the year was RM600,000. There was no other revenue. REQUIRED: Prepare the Statement of Cash Flows for SNMB for the year ended 31 December 2020 using indirect method in accordance to MFRS 107 Statement of Cash Flows. bafore tex 157 pen bin clocing Adjus meny : 3320 HU
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