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Show a statement of cash flow for the period ending

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Reference no: EM133163557

Question - The following information is given for Timber Co. Ltd for the period ending 20X3:

Net profit

30,000

Depreciation expense

4000

Gain on sale of non-current assets

6000

Decrease in inventory

1000

Acquisition of building

35 000

Payment of dividends

1200

Cash received on loan receivable

3500

Increase in loans payable (current liability)

2000

Increase in accounts payable

800

Loan made to another company

2500

Proceeds from sale of plant assets

40,000

Repayment of long-term loan

20,000

Lawson issued shares in exchange for an equipment

35,000

From this information and assuming dividends paid are treated as financing activity, show a Statement of cash flow for the period ending 20X3 showing:

1. Cash flow from operating activities?

2. Cash flow from investing activities?

3. Cash flow from financing?

4. Net change in the cash balance?

Reference no: EM133163557

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