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(b) Shanti Trading prepares Cash Flow Statement every year to record the cash inflows and outflows for her business. Below is the Statement of Financial Position and Statement of Comprehensive Income for the year ended 2014 and 2015: [Shanti Trading menyediakan Penyata Pengaliran Tunal setiap tahun untuk merekod semua aliran unal manuk dan keluar dalam perniagaannya. Penyata Kedudukan Kewangan dan Penyata Pendapatn Komprehensif bagi tahun berakhir 2014 dan 2015 adalah seperti di bawah) SHANTI TRADING STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 AND 2015 2014 (RM) 2015 (RM) CURRENT ASSETS Cash Account receivable 9,000 6,000 412,000 315,000 736,000 438,000 418,000 862,000 Inventory Total current assets FIXED ASSETS Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long term assets Total fixed assets 540,000 720,000 145,000 395,000 190,000 530,000 115,000 510,000 140,000 670,000 TOTAL ASSETS 1,246,000 1,532,000 CURRENT LIABILITIES Accounts payable 139,000 139,000 166,000 166,000 Total current liabilitles LONG-TERM LIABILITIES Long term debt 250,000 250,000 200,000 200,000 Total debt STOCKHOLDER' EQUITY | Capital Retained earning Total equity TOTAL LIABILITIES AND EQUITY 855,000 311,000 1,166,000 1,532,000 640,000 217,000 857,000 1,246,000

(b) Shanti Trading prepares Cash Flow Statement every year to record the cash inflows and outflows for her business. Below is the Statement of Financial Position and Statement of Comprehensive Income for the year ended 2014 and 2015: [Shanti Trading menyediakan Penyata Pengaliran Tunal setiap tahun untuk merekod semua aliran unal manuk dan keluar dalam perniagaannya. Penyata Kedudukan Kewangan dan Penyata Pendapatn Komprehensif bagi tahun berakhir 2014 dan 2015 adalah seperti di bawah) SHANTI TRADING STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 AND 2015 2014 (RM) 2015 (RM) CURRENT ASSETS Cash Account receivable 9,000 6,000 412,000 315,000 736,000 438,000 418,000 862,000 Inventory Total current assets FIXED ASSETS Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long term assets Total fixed assets 540,000 720,000 145,000 395,000 190,000 530,000 115,000 510,000 140,000 670,000 TOTAL ASSETS 1,246,000 1,532,000 CURRENT LIABILITIES Accounts payable 139,000 139,000 166,000 166,000 Total current liabilitles LONG-TERM LIABILITIES Long term debt 250,000 250,000 200,000 200,000 Total debt STOCKHOLDER' EQUITY | Capital Retained earning Total equity TOTAL LIABILITIES AND EQUITY 855,000 311,000 1,166,000 1,532,000 640,000 217,000 857,000 1,246,000

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process
Section: Chapter Questions
Problem 37P
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(b) Shanti Trading prepares Cash Flow Statement every year to record the cash inflows and outflows for her business. Below is the Statement of Financial Position and Statement of Comprehensive Income for the year ended 2014 and 2015: [Shanti Trading menyediakan Penyata Pengaliran Tunai setiap tahun untuk merekod semua aliran tunai masuk dan keluar dalam perniagaanya. Penyata Kedudukan Kewangan dan Penyata Pendapatn Komprehensif bagi tahun berakhir 2014 dan 2015 adalah seperti di bawah:) SHANTI TRADING STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 AND 2015 2014 2015 (RM) (RM) CURRENT ASSETS Cash 9,000 6,000 438,000 418,000 862,000 Account receivable Inventory |Total current assets 412,000 315,000 736,000 FIXED ASSETS Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long term assets 720,000 540,000 145,000 395,000 190,000 530,000 140,000 670,000 115,000 Total fixed assets 510,000 TOTAL ASSETS 1,246,000 1,532,000 CURRENT LIABILITIES Accounts payable 139,000 139,000 166,000 Total current liabilities 166,000 LONG-TERM LIABILITIES Long term debt |Total debt 250,000 250,000 200,000 200,000 STOCKHOLDER' EQUITY 640,000 217,000 Capital Retained earning Total equity TOTAL LIABILITIES AND EQUITY 855,000 311,000 1,166,000 1,532,000 857,000 1,246,000
Transcribed Image Text:(b) Shanti Trading prepares Cash Flow Statement every year to record the cash inflows and outflows for her business. Below is the Statement of Financial Position and Statement of Comprehensive Income for the year ended 2014 and 2015: [Shanti Trading menyediakan Penyata Pengaliran Tunai setiap tahun untuk merekod semua aliran tunai masuk dan keluar dalam perniagaanya. Penyata Kedudukan Kewangan dan Penyata Pendapatn Komprehensif bagi tahun berakhir 2014 dan 2015 adalah seperti di bawah:) SHANTI TRADING STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 AND 2015 2014 2015 (RM) (RM) CURRENT ASSETS Cash 9,000 6,000 438,000 418,000 862,000 Account receivable Inventory |Total current assets 412,000 315,000 736,000 FIXED ASSETS Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long term assets 720,000 540,000 145,000 395,000 190,000 530,000 140,000 670,000 115,000 Total fixed assets 510,000 TOTAL ASSETS 1,246,000 1,532,000 CURRENT LIABILITIES Accounts payable 139,000 139,000 166,000 Total current liabilities 166,000 LONG-TERM LIABILITIES Long term debt |Total debt 250,000 250,000 200,000 200,000 STOCKHOLDER' EQUITY 640,000 217,000 Capital Retained earning Total equity TOTAL LIABILITIES AND EQUITY 855,000 311,000 1,166,000 1,532,000 857,000 1,246,000
SHANTI TRADING TRADING STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 2015 Gross profit Less: Depreciation Net income (RM) 229,000 45,000 184,000 You are required to answer the following question: [Anda dikehendaki menjawab soalan berikut:) O Prepare a Statement of Cash Flow for the year 31 December 2015. (Sediahun Penyata dliran Tunai bagi tahun berakhir 31 Divember 2015 Filters Add a caption.
Transcribed Image Text:SHANTI TRADING TRADING STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 2015 Gross profit Less: Depreciation Net income (RM) 229,000 45,000 184,000 You are required to answer the following question: [Anda dikehendaki menjawab soalan berikut:) O Prepare a Statement of Cash Flow for the year 31 December 2015. (Sediahun Penyata dliran Tunai bagi tahun berakhir 31 Divember 2015 Filters Add a caption.
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