Calculate cash flow from operating activities for bamboo co

Assignment Help Financial Accounting
Reference no: EM132936504

Bamboo Co. Limited had a profit after tax of $75 000 for the financial year. Included in this profit was:

Depreciation expense of $22 000

Gain on sale of investments of $6 000

Also, accounts receivable increased by $26 000 and inventories decreased by $8 000.

Problem 1: Calculate the cash flow from operating activities during the year.

Reference no: EM132936504

Questions Cloud

Strategic compensation in canada : Please read pages 207- 215 (220-228, 5th ed.) of your Strategic Compensation in Canada Text 6th ed. and view the clip "CEO Pay"
Calculate the cash receipts from sales during the year : Bad debts amounting to $2 600 were written. Calculate the cash receipts from customers during the year. Calculate the cash receipts from sales during the year.
What is net cash inflow or outflow from financing activities : What is the net cash inflow (outflow) from financing activities? Profit from ordinary activities before income tax expens 264 000
Calculate total cash flows for vincent limited : The information was extracted from the records of Vincent Limited, Opening balance of machinery: $840.Calculate the total cash flows from investing activities.
Calculate cash flow from operating activities for bamboo co : Bamboo Co. Limited had a profit after tax of $75 000 for the financial year. Calculate the cash flow from operating activities during the year.
Calculate net cash flows from operating activities for flash : Calculate the net cash flows from operating activities. Flash Limited had the cash flows during the reporting period, Purchase of intangibles $80 000.
Find what is amount to be expensed by bankstown limited : December: final adjustments to the extrusion plant $25 000.What is the amount to be expensed by Bankstown Limited at the end of the financial year, 31 December?
Explain when development outlays can be capitalised : Explain when development outlays can be capitalised. Jameson Limited was involved in a mining exploration business. It commenced a project to design
How do determine the firm market value capital structure : Determine the firm's market value capital structure. The common stock currently sells for RM37 per share and has a beta of 1.35, the preferred stock currently.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which financial statement balance sheet important to outside

State which financial statement Balance Sheet or Income Statement is more important to an outside investor when deciding to invest in a potential business.

  The cost of an annuity with monthly payments

the cost of an annuity with monthly payments of $350, made over a period of five years, with 4% interest compounded monthly.

  Determine the total present value of the note receivable

Determine the total present value of the note. Determine the amount of note receivables that should be classified as noncurrent asset on December 31, 2021.

  Illustrate what is diggin tools cost of preferred stock r ps

The flotation costs associated with the new issue were 6 percent and diggin tools marginal tax rate is 30 percent. Illustrate what is diggin tools cost of preferred stock r ps?

  Explain the difficulties involved with the ERM process

Explain the difficulties involved with the ERM process. Discuss the actions companies can take to improve risk management. Critique ERM, does it accomplish its goals?

  Define the fair value and re-evaluation for assets

Define The Fair value and re-evaluation for assets. Define partnerships and explain its types , characteristics and compare it with similar organizations .

  Which is not component of internal control according to coso

Which is not components of internal control according to COSO? The preliminary assessment of control risk includes all the following procedures except?

  How much were the purchases during the year

25% greater than the beginning inventory. The profit for the period after tax of 32% is P2,380,000. How much were the purchases during the year 2017?

  Find adjusting entry that company should make for interest

If the company has a fiscal year end of December 31, the adjusting entry that the company should make for interest on December 31, would be

  Prepare entry to record the exercise of conversion option

Prepare the entry to record the exercise of the conversion option, using the book value method. Assume the company follows IFRS.

  Provide an estimate of the firm value today

Determine the rate of return the firm must have been earning to grow at 30% given the level of its retentions. Provide an estimate of the firm's value today.

  When would the lawsuit be recorded as a liability

$34,000 and the unearned sales revenue account decreased $24,000 during 2019. How much cash was collected from customers during 2019?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd