Answer ################### correct. It's a real question . Calculation Question:3. Prepare the cash flow statement from the details provided below.ABC (Fiji) Pte LtdStatement of Profit and LossFor the Year ended 31 December 2021SalesSales ReturnNet SalesCOGSGross ProfitTotal ExpenseOperating ProfitABC (Fiji) Pte LtdBalance sheetAs at 31 December 2021CashAccounts ReceivableInventoryPlant & EquipmentAccumulated DepreciationNet Plant & EquipmentTotal AssetsAccounts payableAccrued ExpensesBorowingsTotal LiabilitiesNet AssetsShare CapitalRetained EarningsTotal Equity$780,00050,000273,000(168,000)2021$730,000468,000262,000220,00042,0002021$117,000135,000105,000105,000462,00070,00045,000185,000300,000162,000100,00062,000162,000247,000(153,000)2020$155,000151,00095,00094,000495,00055,00020,000250,000325,000170,000100,00070,000170,000Additional Information1. Total Expense is inclusive of interest and depreciation2. hterest expense for the year was $6,5003. The company did not dispose or sell any plant and equipment during the year.

Cash flows statement is one of the financial statement being prepared in business. It shows all cash…

Calculation Question: 3. Prepare the Cash flow statement from the details provided below. ABC (Fiji) Pte Ltd Statement of Profit and Loss For the Year ended 31 December 2021 Sales Sales Return Net Sales COGS Gross Profit Total Expense Operating Profit ABC (Fiji) Pte Ltd Balance sheet As at 31 December 2021 Cash Accounts Receivable Inventory Plant & Equipment Accumulated Depreciation Net Plant & Equipment Total Assets Accounts payable Accrued Expenses Borowings Total Liabilities Ne: Assets Share Capital Retained Earnings Tulal Equity $ 780,000 50,000 273,000 (168,000) 2021 $ 730,000 468,000 262,000 220,000 42,000 2021 $ 117,000 135,000 105,000 105,000 462,000 70,000 45,000 185,000 300,000 162,000 100,000 62,000 162,000 247,000 (153,000) 2020 $ 155,000 151,000 95,000 94,000 495,000 55,000 20,000 250,000 325,000 170,000 100,000 70,000 170,000 Additional Information 1. Total Expense is inclusive of interest and depreciation 2. hterest expense for the year was $6,500 3. The company did not dispose or sell any plant and equipment during the year.

Calculation Question: 3. Prepare the Cash flow statement from the details provided below. ABC (Fiji) Pte Ltd Statement of Profit and Loss For the Year ended 31 December 2021 Sales Sales Return Net Sales COGS Gross Profit Total Expense Operating Profit ABC (Fiji) Pte Ltd Balance sheet As at 31 December 2021 Cash Accounts Receivable Inventory Plant & Equipment Accumulated Depreciation Net Plant & Equipment Total Assets Accounts payable Accrued Expenses Borowings Total Liabilities Ne: Assets Share Capital Retained Earnings Tulal Equity $ 780,000 50,000 273,000 (168,000) 2021 $ 730,000 468,000 262,000 220,000 42,000 2021 $ 117,000 135,000 105,000 105,000 462,000 70,000 45,000 185,000 300,000 162,000 100,000 62,000 162,000 247,000 (153,000) 2020 $ 155,000 151,000 95,000 94,000 495,000 55,000 20,000 250,000 325,000 170,000 100,000 70,000 170,000 Additional Information 1. Total Expense is inclusive of interest and depreciation 2. hterest expense for the year was $6,500 3. The company did not dispose or sell any plant and equipment during the year.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 39E: Reporting Net Cash Flow from Operating Activities The following information is available for...

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