Preparation of statement of cash flow and a statement of financial position Land $30.000 Bond payable 100.000Bulding 120.000 Current Liabilities 150.000Equipment 90.000 Share capital (ordinary) 180.000Acc.depreciation bulding (30.000) Retained earnings 44.000Acc. Depreciation building (11.000) Totaal 474.000Patents 40.000Current asset 235.000Total 474.000 The following information is available for 2019Net income was $ 55,000Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000Depreciation expense was %4,000 on the building and $9,000 for equipmentPatent amortize cost was $ 2,500Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000An additional to the building was completed at a cost $16,000Bonds payable of $50,000 were issuedA long term investment in debt securities was purchased for $ 16,000Cash devident of $25,000 were declared and paidTreasury shares were purchased at a cost $ 11,000Instruction : Prepare a statement of cash flows for 2019Prepare a statement of financial position at december 2019

Name: Preparation of statement of cash flow and a statement of financial pos
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Description: Preparation of statement of cash flow and a statement of financial position Land $30.000 Bond payable 100.000Bulding 120.000 Current Liabilities 150.000Equipment 90.000 Share capital (ordinary) 180.000Acc.depreciation bulding (30.000) Retained earnin

Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…

Answered: Preparation of statement of cash flow…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 9E: Net Cash Flow from Operating Activities The following are accounting items taken from Tyrone...

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Preparation of statement of cash flow and a statement of financial position

Land $30.000 Bond payable 100.000

Bulding 120.000 Current Liabilities 150.000

Equipment 90.000 Share capital (ordinary) 180.000

Acc.depreciation bulding (30.000) Retained earnings 44.000

Acc. Depreciation building (11.000) Totaal 474.000

Patents 40.000

Current asset 235.000

Total 474.000

The following information is available for 2019

Net income was $ 55,000
Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000
Depreciation expense was %4,000 on the building and $9,000 for equipment
Patent amortize cost was $ 2,500
Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000
An additional to the building was completed at a cost $16,000
Bonds payable of $50,000 were issued
A long term investment in debt securities was purchased for $ 16,000
Cash devident of $25,000 were declared and paid
Treasury shares were purchased at a cost $ 11,000

Instruction :

Prepare a statement of cash flows for 2019
Prepare a statement of financial position at december 2019

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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