Reference no: EM131024716
The comparative balance sheet of Doba Company showed the following changes in balance sheet items from 1991to 1992. Rs. Working capital 1,27,500 increase Long-term investments 45,000 increase EXECUTIVE M.B.A, May, 20122 (DEMB 4) Land 48,000 increaseMachinery(Less accumulated depreciation) 90,000 increase15% debenture 2,40,000 increase Share capital 60,000 increase Reserves and Surplus 10,500 decrease
The following additional data are provided:
(a) Net profit for the year was Rs.1,57,500.
(b) Accumulated depreciation for 1991 was Rs.67,500 and for 1992 Rs.90,000.
(c) A machine of Rs.1,12,500 was purchased during the year; depreciation expense for the year was Rs.22,500.
(d) A bonus issue of shares of Rs.60,000 was made during the year.
(e) A cash dividend of Rs.87,000 was declared and paid during the year.
Prepare a statement of changes in financial position for Doba Company.
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