Calculation Question: 3. Prepare the Cash flow statement from the details provided below. ABC (Fiji) Pte Ltd Statement of Profit and Loss For the Year ended 31 December 2021 Sales Sales Return Net Sales COGS Gross Profit Total Expense Operating Profit ABC (Fiji) Pte Ltd Balance sheet As at 31 December 2021 Cash Accounts Receivable Inventory Plant & Equipment Accumulated Depreciation Net Plant & Equipment Total Assets Accounts payable Accrued Expenses Borowings Total Liabilities Ne: Assets Share Capital Retained Earnings Tulal Equity $ 780,000 50,000 273,000 (168,000) 2021 $ 730,000 468,000 262,000 220,000 42,000 2021 $ 117,000 135,000 105,000 105,000 462,000 70,000 45,000 185,000 300,000 162,000 100,000 62,000 162,000 247,000 (153,000) 2020 $ 155,000 151,000 95,000 94,000 495,000 55,000 20,000 250,000 325,000 170,000 100,000 70,000 170,000 Additional Information 1. Total Expense is inclusive of interest and depreciation 2. hterest expense for the year was $6,500 3. The company did not dispose or sell any plant and equipment during the year.
Calculation Question: 3. Prepare the Cash flow statement from the details provided below. ABC (Fiji) Pte Ltd Statement of Profit and Loss For the Year ended 31 December 2021 Sales Sales Return Net Sales COGS Gross Profit Total Expense Operating Profit ABC (Fiji) Pte Ltd Balance sheet As at 31 December 2021 Cash Accounts Receivable Inventory Plant & Equipment Accumulated Depreciation Net Plant & Equipment Total Assets Accounts payable Accrued Expenses Borowings Total Liabilities Ne: Assets Share Capital Retained Earnings Tulal Equity $ 780,000 50,000 273,000 (168,000) 2021 $ 730,000 468,000 262,000 220,000 42,000 2021 $ 117,000 135,000 105,000 105,000 462,000 70,000 45,000 185,000 300,000 162,000 100,000 62,000 162,000 247,000 (153,000) 2020 $ 155,000 151,000 95,000 94,000 495,000 55,000 20,000 250,000 325,000 170,000 100,000 70,000 170,000 Additional Information 1. Total Expense is inclusive of interest and depreciation 2. hterest expense for the year was $6,500 3. The company did not dispose or sell any plant and equipment during the year.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 40E
Related questions
Question
Answer
################### correct. It's a real question .
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College