User Account

All Pages

Prepare the Statement of cash flows for Orion Trading Ltd

Assignment Help Financial Accounting
Reference no: EM132984547

Question - During the year ended 30 June 2021, the cash balance of Orion Trading Ltd increased from $50 000 (on 30 June 2020) to $60 000 (on 30 June 2021). The following data was extracted from Orion Trading Ltd's accounting system for the year ended 30 June 2021:

Payments to suppliers $400 000

Payment of bills payable 45 000

Payment of dividends 55 000

Loan to another company 30 000

Depreciation expense 80 000

Payment of income tax 12 000

Cash receipt of dividends 4 000

Payments to acquire non-current assets 120 000

Cash received from issuing shares 25 000

Cash received from issuing bill payable 35 000

Payments to employees 170 000

Cash receipt of interest 16 000

Payment of interest 18 000

Cash received from sale of non-current assets 85 000

Cash received from customers 680 000

Cash received from repayment of loan 15 000

Required -

(a) Prepare the Statement of cash flows for Orion Trading Ltd. Use the Statement of cash flows format.

(b) Explain the differences between a statement of cash flows prepared using the direct method from one prepared using the indirect method.

Reference no: EM132984547

Questions Cloud

Compare and contrast your two top leadership styles : Compare and contrast your two top leadership styles and Evaluate how your leadership style could impact employee motivation and the change initiative
Compare and contrast the thinking of jeremy bentham : Compare and contrast the thinking of Jeremy Bentham, Cesare Beccaria and John Locke. What did each discuss in terms of human nature and crime?
Critique a variety of project management methodologies : Critically analyzing current academic papers then presenting results and findings in a referenced written report - critique a variety of project management
Compute the total sales quantity variance : For the most recent year, the partnership budget called for 8,000 billable partner-hours and 33,600 staff-hours. Compute the total sales quantity variance
Prepare the Statement of cash flows for Orion Trading Ltd : During the year ended 30 June 2021, the cash balance of Orion Trading Ltd increased from $50 000. Prepare the Statement of cash flows for Orion Trading Ltd
Calculate the basic EPS for XYZ Ltd : The preference share dividends are not treated as part of interest expense. Calculate the basic EPS for XYZ Ltd for the year ending 30 June 2021
Determine the amount that taxpayer is required : Taxpayer's employer charge her $1,006 for the item. Determine the amount, if any, that taxpayer is required to include in gross income
Determine the amount taxpayer : Determine the amount taxpayer must include in gross income as a result of the redemption
What is important about having a detailed business plan : As a 21st Century Entrepreneurial Leader, detail why and what is important about having a detailed Business Plan.

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