User Account

All Pages

Prepare cash flow statement for abc manufacturing pty ltd

Assignment Help Financial Accounting
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

Questions Cloud

Find how much higher would gamesa pretax income be : Find How much higher would total assets be? How much higher would Gamesa's pretax income be relative to a firm that reported under US accounting principles?
Project management- suburban homes : Suburban Homes realized that its ambitious plan of expanding its business to several Southern States in the United States
Why does us gaap generally not permit development costs : As noted earlier, under International Financial Reporting Standards, why does US GAAP generally not permit development costs to be treated as assets?
Crashing down at feet of mehmet the conqueror : In 1453, the Walls of Constantinople came crashing down at the feet of Mehmet the Conqueror.
Prepare cash flow statement for abc manufacturing pty ltd : Prepare Cash Flow Statement for ABC Manufacturing Pty Ltd using the Direct Method. Cash Received from customers, Cash balance, end of 2017
Tax consequences of the annuity payments : When Petra asks you about the tax consequences of the annuity payments, which of the following is the CORRECT response that you should provide Petra?
New car begins with identification : Your quest to purchase a new car begins with an identification of the factors important to you.
Would it be better for an oil refinery to finance : Would it be better for an oil refinery to finance its needs using equity or debt?
Loops and functions : The application will run forever, you will ask the user to continue or not.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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