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Prepare cash flow statement for abc manufacturing pty ltd

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Reference no: EM132752453

Below is the extract of financial information from ABC Manufacturing Pty Ltd for the year 2018.

Cash balance, end of 2017                   42250

Cash Received from customers              220500

Cash received as Interest                       6300

Cash Paid as Income Tax                          11550

Cash Paid to employees                           157500

Cash Paid to Suppliers                               50000

Cash Received from sale of land                  168000

Cash paid to purchase equipment                  94500

Cash received from sale of furniture              150000

Cash paid for Purchase of Machinery             210000

Cash received from issue of Bond                     31500

Dividend paid                                                  16800

Cash paid to acquire treasury stocks                   10500

Cash balance, beginning of 2018                         16800

Required:

Problem 1: Prepare Cash Flow Statement for ABC Manufacturing Pty Ltd using the Direct Method.

Reference no: EM132752453

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