The following is the comparative balance sheet of Manish Ltd. Preparea Cash Flow Statement for the year ended 31 December, 2016 fromthe details given below:LiabilitiesAssets31st Dec., 31st Dec.,201531st Dec., 31st Dec.,201520162016Share CapitalReserves & Surplus 30,000 755,000Long-term loansCurrent Liabilities740,000 40,000Fixed assets 760,000 792,500Depreciation 17,500 727,500InventoryAccounts720,000 730,000715,000 26,000740,000 735,00020,000 734,000ReceivableDividend Provision25,00071,05,000 1,59,000The Income statement for Manish Ltd. for the year ended 3178,0001,05,000 1,59,000Cash72,500December 2015 shows the followinginformation:SalesCost of SalesTax provisionsDividend providedAmount()1,45,00099,00012,5008,000

The Cash flow statement tracks the movement of cash in or out of the company.

The following is the comparative balance sheet of Manish Ltd. Prepare a Cash Flow Statement for the year ended 31 December, 2016 from the details given below: Liabilities Assets 31st Dec., 31st Dec., 2015 31st Dec., 31st Dec., 2015 2016 2016 Share Capital Reserves & Surplus 30,000 755,000 Long-term loans Current Liabilities 740,000 740,000 Fixed assets 760,000 792,500 Depreciation 17,500 27,500 Inventory Accounts 20,000 730,000 15,000 26,000 740,000 735,000 20,000 734,000 Receivable Cash 25,000 71,05,000 71,59,000 The Income statement for Manish Ltd. for the year ended 31 Dividend Provision 78,000 71,05,000 71,59,000 2,500 ......... December 2015 shows the following information: Amount() 1,45,000 99,000 12,500 8,000 Sales Cost of Sales Tax provisions Dividend provided

The following is the comparative balance sheet of Manish Ltd. Prepare a Cash Flow Statement for the year ended 31 December, 2016 from the details given below: Liabilities Assets 31st Dec., 31st Dec., 2015 31st Dec., 31st Dec., 2015 2016 2016 Share Capital Reserves & Surplus 30,000 755,000 Long-term loans Current Liabilities 740,000 740,000 Fixed assets 760,000 792,500 Depreciation 17,500 27,500 Inventory Accounts 20,000 730,000 15,000 26,000 740,000 735,000 20,000 734,000 Receivable Cash 25,000 71,05,000 71,59,000 The Income statement for Manish Ltd. for the year ended 31 Dividend Provision 78,000 71,05,000 71,59,000 2,500 ......... December 2015 shows the following information: Amount() 1,45,000 99,000 12,500 8,000 Sales Cost of Sales Tax provisions Dividend provided

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 3PB

See similar textbooks

Similar questions

Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $225,000.
Use the following information from Birch Companys balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $122,000.
Selected information from Brook Corporations accounting records and financial statements for 2019 follows: On the statement of cash flows for the year ended December 31, 2019, Brook should disclose a net increase in cash in the amount of: a. 1,700,000 b. 2,400,000 c. 3,700,000 d. 4,200,000
Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
Use the following excerpts from Bolognese Companys statement of cash flows and other financial records to determine the companys free cash flow for 2018 and 2017.