User Account

All Pages

Prepare bb statement of cash flows for the year ended

Assignment Help Accounting Basics
Reference no: EM132709871

Question - The information below relates to BB Traders for the year ended 30 June 2020.

Sales revenue 352,000

Accrued wages 15,000

Bank balance 1 July 2019 ($22,000)

Cash paid to suppliers 192,200

Cash receipts from customers 294,000

Payments to employees and for expenses 25,000

Bank loan received 6,600

Property taxes paid 20,000

Depreciation of equipment 45,600

Interest received 20,500

Cash received from sale of share market investments 55,000

Cash paid to purchase computer hardware 40,000

Issued shares in exchange for block of land 100,000

Dividends paid 29,000

Interest paid 30,000

Net profit after tax 76,000

Required -

a) Prepare BB Statement of Cash Flows for the year ended 30 June 2020.

b) What is the most important section in BB Statement of Cash Flow? Explain.

Reference no: EM132709871

Questions Cloud

Research on one portfolio strategy : Alex Edmans from LBS (and you) did research on one portfolio strategy - invest in firms that are on a list of companies with high employee satisfaction.
James madison presidency : A very important event, challenge, war, or law that happened during James Madison presidency.
What is the maximum unit price that company willing to pay : What is the maximum unit price that the company would be willing to pay the supplier without decreasing its operating income?
Current and projected economic environment : Justify your CDS strategy based on the current and projected economic environment.
Prepare bb statement of cash flows for the year ended : Cash received from sale of share market investments 55,000. Prepare BB Statement of Cash Flows for the year ended 30 June 2020
Fourteenth amendment and incorporation theory : Explain how the Fourteenth Amendment and incorporation theory affect the Bill of Rights. Explain Supreme Court cases to adequately discuss incorporation theory.
What is the minimum price for special order : Variable costs, Peter Senen Company would have to reduce sales to regular customers. What is the minimum price for this special order?
Evaluate central banks financial sector rescue plan : Based on the above report, evaluate central banks' financial sector rescue plan and its role in stabilising the financial systems and markets.
Compute what the minimum acceptable price is : Assume that Peter Senen Company is operating full capacity and that it does not want to incur a loss from this order, the minimum acceptable price is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Variable cost per unit and the fixed cost

a. Determine the variable cost per unit and the fixed cost. b. Based on part (a), estimate the total cost for 10,000 units of production.

  Prepare a memo explaining how net income could be positive

prepare a memo explaining how net income could be positive and operating cash flows negative. include in the memo a

  What type of income statement absorption or contribution

What type of income statement, absorption or contribution, would Wong find most useful for his decisions? Why?

  Determine the corrected amounts for cost of goods sold

Determine the corrected amounts for 2017 cost of goods sold and December 31

  Publicly traded companies based on the matching principle

publicly traded companies based on the matching principle with an emphasis on providing relevant, timely and comparable information

  Which of the following might not limit the effectiveness of

which of the following may not limit the effectiveness of internal control systems in an organization?a. costs not

  Compute the total cost to ybarra of employing ince

R. L. Ybarra employs John Ince at a salary of $53,000 a year. Compute the total cost to Ybarra of employing Ince for the year

  What deduction method can sue use

Bob owns his own home and has paid mortgage interest and real estate taxes. Bob will be itemizing his deductions. What deduction method can Sue use?

  Calculate total variable labor cost for the year

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period Refer to the information for Pizza.

  Calculate the sale price after markdown

An item that cost Rs. 2300 was marked up 38 % of the selling price. After some time the item is markdown 30 %. Calculate the sale price after markdown.

  How is given contribution treated treated on his tax return

Richard donates publicly traded Gold Company stock with a basis of $1000 and a fair market value. How is this contribution treated treated on his tax return?

  At what level of sales in gallons for the two-month period

hallas company manufactures a fast-bonding glue in its northwest plant. the company normally produces and sells 44000

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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