Investing section of cashflow statement

Assignment Help Financial Accounting
Reference no: EM133272854

Amy Ltd reported the following information for the plant as at 30 June 2022:

Carrying amount of plant as at 30 June 2022: $268,000

Carrying amount plant as at 30 June 2021: $288,800

The following items were recorded during the year ended 30 June 2022:

• Depreciation charge of $50,000

• An item of plant with the carrying amount of $60,000 was sold for $36.

• A plant was revalued upwards by $80,000.

Prepare the Amy Ltd's investing section of the cashflow statement.

Reference no: EM133272854

Questions Cloud

About how the minimum wage : I have heard a lot of argument about how the minimum wage in a state should not be the same in every part of a state.
Think of real world example where cash controls are poor : Think of a real world example where cash controls are poor, suggest a control (a solution) that will address the issues identified.
Company current financial condition : Discuss what this comparison tells you about your chosen company's current financial condition, how it compares to the previous year, a
Normal financial statement relationships : WhyKnot, a necktie retailer, is consistently profitable. Its normal financial statement relationships are as follows: Return on Common Equity
Investing section of cashflow statement : Prepare the Amy Ltd's investing section of the cashflow statement.
The common stock account for baltimore corporation : The Common Stock account for Baltimore Corporation on January 1, 2020 was $55,000. Determine for December 31, 2020 the amount of Earnings per Share
Baltimore company uses job order cost system : Baltimore Company uses a job order cost system and applies overhead based on estimated rates.
Norfolk pay if paid within discount period : The retailer receives a 50% trade discount and credit terms of 2/10, n/30. What amount should Norfolk pay if paid within discount period?
Roger and david share profits in equal proportion : Roger and David share profits in equal proportion. Prepare the profit distribution accounts for the year ended 30 June 2019

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the physical units of production

Compute the physical units of production and compute equivalent units of production for materials and for conversion costs.

  Calculate her pay if in a 36 hour week she produced given

Janet is paid £5 per piecework hour produced. -Calculate her pay if in a 36-hour-week she produced the following:

  Calculate the present value

Calculate the present value of $1,500 to be received 1 time(s) per year every year for 13 years (starting one year from now) if the appropriate discount rate is 9.00%.

  Summarize the firm overall financial position

Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations

  Which is likely to lead to an increase in firm cost of debt

Which is likely to lead to an increase in a firm's cost of debt financing? increase in the average age of debt financing. / increse in expected inflation

  Calculate and present diagrammatically final borrowing cost

Calculate and present diagrammatically the final borrowing cost of firms A and B when a financial intermediary who facilitates the swap earns 3 basis points

  What was the balance in unearned revenue on january

Adjustments were made to recognize $4,000 of the revenue that had been earned during January. What was the balance in Unearned Revenue on January? 31, 2019?

  What is this company weighted average cost of capital

What is this company's weighted average cost of capital? A company has a before-tax cost of common equity of 14%, a pre-tax cost of debt of 6%.

  Calculate tax gain realized and recognized on the exchange

Watson, a calendar year corporation, reported $1,250,000 net income before tax on its financial statements prepared in accordance with GAAP. During the year, Watson exchanged one piece of commercial real estate for another. Calculate Watson's book ga..

  Determine the depreciation rates per mile

Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.

  Explain to about assessment in school

Explain to about assessment in school? what is the item you usually used in assessment? how the format in order to make examination paper for student

  Prepare marigold journal entries for the initial transaction

Prepare Marigold's journal entries for the initial transaction, recognition of interest each year assuming use of the effective interest method

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