From the followingcompute cash flows from operating activities:BALANCE SHEET(An Extract)ParticularsNote No.31.3.201531.3.2014$41. EQUITY AND LIABILITIESShareholders' FundsReserve and SurplusII. ASSETS15,00,0001,00,000Non Current AssetsFixed AssetsTangible Assets3,00,00022,50,000Notes to Accounts31.3. 2015 31.3. 2014$$Note No. 1: Reserves and SurplusSurplus i.e., Balance in Statement ofProfit and Loss5,00,0001,00,0005,00,0001,00,000Note No. 1: Tangible AssetsMachinery2,50,0003,00,0002,50,0003,00,000Additional Information:During the year a part of machinery of $ 10,000 was sold for $ 5,000.

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compute cash flows from operating activities:

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.13MCP: Statement of Cash Flowsâ€”Direct Method Lang Company has not yet prepared a formal statement of cash...

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Question

From the following
compute cash flows from operating activities:
BALANCE SHEET
(An Extract)
Particulars
Note No.
31.3.2015
31.3.2014
$4
1. EQUITY AND LIABILITIES
Shareholders' Funds
Reserve and Surplus
II. ASSETS
1
5,00,000
1,00,000
Non Current Assets
Fixed Assets
Tangible Assets
3,00,000
2
2,50,000
Notes to Accounts
31.3. 2015 31.3. 2014
$
$
Note No. 1: Reserves and Surplus
Surplus i.e., Balance in Statement of
Profit and Loss
5,00,000
1,00,000
5,00,000
1,00,000
Note No. 1: Tangible Assets
Machinery
2,50,000
3,00,000
2,50,000
3,00,000
Additional Information:
During the year a part of machinery of $ 10,000 was sold for $ 5,000.

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