Prepare Cash Flows Statement showing Operating Activities

Assignment Help Financial Accounting
Reference no: EM132767352

Problem - The Following is the Comparative Balance sheet Data of Radiant Co.

 

2019

2018

Assets

 

 

Cash

25,000

30,000

Accounts Receivable

50,000

60,000

Merchandise Inventory

60,000

75,000

Prepaid Expense

25,000

10,000

Fixed Assets

280,000

110,000

Allowance For Depreciation

(70,000)

(30,000)

Net Fixed Assets

210,000

80,000

Land

150,000

120,000

Patent & Trade Marks

10,000

15,000

Total Assets

530,000

390,000

Equities

 

 

Accounts Payable

20,000

15,000

Unearned Incomes

15,000

25,000

Long Term Loan

180,000

150,000

Share Capital

230,000

150,000

Retained Earnings

85,000

50,000

Total Equities

530,000

390,000

Other Information:

Dividend declared and paid for 2019 is Rs. 90,000.

Net Income for 2009 was Rs. 125,000.

A fully depreciated Equipment of Rs. 10,000 was discarded with no Salvage Value.

Furniture costing 40,000 with Book Value of 25,000 was sold for Rs.20,000.

Required - Prepare Cash Flows Statement showing Operating, Investing and Financing Activities.

Reference no: EM132767352

Questions Cloud

Comment on ethics as a reasonable and necessary function : Comment on ethics as a reasonable and necessary function of good business relationship and its usefulness in Project Management
Analytics key to advancing business strategy : Analytics Key to Advancing Business Strategy that HR is stuck in a reactive mode and does not support business leaders with people strategy the way
What information would you need to make decision : As a board member, what information would you need to make this decision? Which staff members, if any, should be involved in this decision?
Compute what is amount of goodwill that acme will record : Compute What is the amount of goodwill that Acme will record on its balance sheet as a result of this acquisition? Martin & Sons has $4.2 million in net working
Prepare Cash Flows Statement showing Operating Activities : A fully depreciated Equipment of Rs. 10,000 was discarded with no Salvage Value. Prepare Cash Flows Statement showing Operating Activities
Why must a manager be competent : Why must a manager be competent in all four quadrants of the CVF and how is this achieved?
Review the starbucks channel article : What other trainings could/should Starbucks implement to ensure that their employees are realizing the Starbucks mission and values?
How find depreciation expense for the year ending december : Corporation acquired equipment, Compute depreciation expense for the year ending December 31, 2020, if Corporation uses straight-line depreciation.
Why does scanning the external environment play : Why does scanning the external environment play such a significant role in strategic analysis? How do unexpected daily events warrant significant analysis, and

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!

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