User Account

All Pages

Write classified cash flow statement

Assignment Help Accounting Basics
Reference no: EM132566957

Question - The information below relates to ABC Health for the year ended 30th June 2018.

Bank balance 1 July 2017 (overdraft) $22,000

Cash paid to suppliers 192,200

Cash from customers 294,000

Payments for wages and expenses 25,000

Cash from borrowing 6,600

Income tax paid 20,000

Depreciation of equipment 35,600

Bank balance 30th June 2018 17,900

Cash from interest received 20,500

Cash received from repayment of a loan 55,000

Cash paid to purchase equipment 40,000

Credit Sales 60,000

Interest paid 30,000

REQUIRED - From the above information, write classified cash flow statement (classified into operating, investing and Financial activities) for ABC for the year ended 30th June 2018.

Reference no: EM132566957

Questions Cloud

Why does 1 mol of sodium chloride depress the freezing point : Why does 1 mol of sodium chloride depress the freezing point of 1 kg of water almost twice as much as 1 mol of glycerin?
How much careras budgeted variable cost per unit of output : How much is Careras budgeted variable cost per unit of output? Total production costs for Carera, Inc. are budgeted at P230,000 for 50,000 units
Describe the elements of the principle of indefeasibility : Describe the elements of the principle of indefeasibility of title and identify why this principle is important in the context of lending and mortgages
Which compound do you expect to act as a reducing agent : Vanadium is a transition metal that can be found in the four consecutive oxidation states +2 - +5. In aqueous solution, it forms different colored water complex
Write classified cash flow statement : Write classified cash flow statement (classified into operating, investing and Financial activities) for ABC for the year ended 30th June 2018
Solution of hydrochloric acid has a concentration : How much water must be added to the solution to obtain a concentration of 0.100 mol/L?
Find the total factory overhead applied during september is : Find The total factory overhead applied during September is?The company uses a predetermined overhead rate based on direct labor hours to apply overhead
Is the applied overhead compared to the actual overhead : The applied overhead is compared to the actual overhead, with any discrepancy going into one of the following three accounts,True or False
Compute average number of tickets the company must conduct : CarePlus provides recreational day trips for people with mental illnesses. Compute the average number of tickets the company must conduct to break even

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equilibrium point for publishing company

A small publishing company is planning to publish a new book. The production costs will include one time fixed costs(such as editing) and variable costs( such as printing).

  Decrease in the investment account

Which of the following results in a decrease in the investment account when applying the equity method?

  Prepare the required adjusting entry

A physical count of the supplies showed $425 of unused supplies available as of December 31. Prepare the required adjusting entry

  Describe any factors that could skew your results

Describe any factors that could skew your results. In other words, explain if there is one method of costing that could make a product look more favorable.

  Describe business analysis and identify its objectives

Describe business analysis and identify its objectives. Identify at least four ratios using Balance sheet data exclusively and provide the formula of each ratio

  In the current year company a is formed with 630000 in

in the current year company a is formed with 630000 in capital from the sale of 21000 shares of stock at 30 a share.

  Briefly explain the cash flow statement

Briefly explain the Cash Flow Statement. Which financial statement contains Assets, liabilities and stockholder's equity

  What is the net futa tax

Cowen Company began is operations in August of the current year. Is Cowen Company liable for the FUTA tax this year? Explain

  Reed company acquires 80 holmes 10 5 year 1000 bonds on

1 the vintage laundry company purchased 6500 worth of laundry supplies on june 2 and recorded the purchase as an asset.

  Compute the return on common stockholders equity

Assume that the firm has no common stock equivalents. The tax rate is 34 percent. Compute the return on common stockholders' equity.

  What is the company cost of equity capital

David Ortiz Motors has a target capital structure of 40% debt and 60% equity. What is the company's cost of equity capital

  Process inventory in the department

There were 7,500 units in the department's beginning work in process inventory, two thirds complete with respect to conversion costs. During March, 52,500 units were started and 50,000 were completed and transferred out of the department. The endi..

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