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On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following ASSETS 2011 2010 Cash 7000 4800 Accounts Receivable 8500 9500 Merchandise Inventory 32500 33200 Equipment 30100 24000 TOTAL 78100 71500       EQUITIES     Accumulated Depreciation Equipment 6100 4800 Accounts Payable 16800 19400 Mortgage Payable 6000 10000 Share Capital – Rs. 10 per share 30000 25000 Share Premium 2500   Retained Earnings 16700 12300 TOTAL 78100 71500 Additional Information: 1. A fully depreciated equipment that costs of Rs. 800 was discarded and related accounts were closed. 2. Cash dividend of Rs. 4,000 were declared and paid. Required: Prepare a Cash Flow Statement. Showing Operating, Investing, Financing activities

On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following ASSETS 2011 2010 Cash 7000 4800 Accounts Receivable 8500 9500 Merchandise Inventory 32500 33200 Equipment 30100 24000 TOTAL 78100 71500       EQUITIES     Accumulated Depreciation Equipment 6100 4800 Accounts Payable 16800 19400 Mortgage Payable 6000 10000 Share Capital – Rs. 10 per share 30000 25000 Share Premium 2500   Retained Earnings 16700 12300 TOTAL 78100 71500 Additional Information: 1. A fully depreciated equipment that costs of Rs. 800 was discarded and related accounts were closed. 2. Cash dividend of Rs. 4,000 were declared and paid. Required: Prepare a Cash Flow Statement. Showing Operating, Investing, Financing activities

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31, 2010 and 2011 Balance Sheet of ABC Ltd. Shows the following

ASSETS

2011

2010

Cash

7000

4800

Accounts Receivable

8500

9500

Merchandise Inventory

32500

33200

Equipment

30100

24000

TOTAL

78100

71500

 

 

 

EQUITIES

 

 

Accumulated Depreciation Equipment

6100

4800

Accounts Payable

16800

19400

Mortgage Payable

6000

10000

Share Capital – Rs. 10 per share

30000

25000

Share Premium

2500

 

Retained Earnings

16700

12300

TOTAL

78100

71500

Additional Information:
1. A fully depreciated equipment that costs of Rs. 800 was discarded and related accounts were closed.
2. Cash dividend of Rs. 4,000 were declared and paid.

Required: Prepare a Cash Flow Statement. Showing Operating, Investing, Financing activities.

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