Reference no: EM132523464
Fool's Paradise Ltd had cash and cash equivalents at 1 January 2019 of $400,000. The transactions of Fool's Paradise Ltd for the year to 31 December 2019 are as follows:
Borrowed $850,000 with a 9-month loan payable
Received $6,340,000 cash for customer accounts
Sold for $360,000 cash a plant asset with a carrying amount of $180,000
Issued ordinary shares for $480,000 cash
Purchased a plant asset for $650,000; $237,500 in cash and $412,500 in loan
Exchanged 60,000 shares for land with a fair value of $1,000,000
Received a $350,000 dividend in cash
Received $25,000 interest from term deposit
Invested $500,000 cash on the short-term money market
Paid fixed-term loan principal of $900,000 and interest of $90,000
Cash payments for supplier's accounts $6,300,000
Dividend paid during the period $200,000
Wages expense shown in the income statement is $75,000.
- At the end of the year the balance sheet shows prepaid Wages expense of $65,000. There was a prepaid Wages expense of $35,000 at the beginning of the year.
Required:
Question 1: Prepare the statement of cash flows of Fool's Paradise Ltd for the year to 31 December 2019.
|
What is the expected rate of return on the stock
: Rate of Return. Steady As She Goes, Inc., will pay a year-end dividend of $3 per share. Investors expect the dividend to grow at a rate of 4 percent indefinite
|
|
What changes could be made at a very low cost
: What changes could be made at a very low cost? What changes would be expensive? Finally, discuss why it is important for a health-care facility to make a good.
|
|
What is the equity at year-end
: At the beginning of the year, Addison Company's assets are $208,000 and its equity is $156,000. What is the equity at year-end
|
|
What are the dividend payout ratios for firm
: 1) Here are data on two stocks, investor required return is 15 percent:
|
|
Provide the statement of cash flows of fool paradise ltd
: The transactions of Fool's Paradise Ltd for year to 31 December. Prepare the statement of cash flows of Fool's Paradise Ltd for the year to 31 December 2019.
|
|
What balance is shown for Prepaid Advertisingon Jupiter
: The ads started April 1, 2020 and will run until March 31, 2022. What balance is shown for Prepaid Advertisingon Jupiter Corporation's
|
|
What price do you forecast for the stock next year
: 1) Horse and Buggy Inc. is in a declining industry. Sales, earnings, and dividends are all shrinking at a rate of 10 percent per year.
|
|
Which might be the better measure for central tendency
: Which might be the better measure for central tendency and why? What is the standard deviation of your data? How variable are the data (range)?
|
|
What must be the discount rate
: If the rate of return earned on reinvested funds is 15 percent and the company reinvests 40 percent of earnings in the firm
|