The Wondai Ltd Croup reports the following balances in its consolidated financial statements forthe year ending 30 JuneFinancial year2018 $ 2017 $Buildings524,000268,000ACC Depr. - Buildings190,000 143,000Depr Expense - Buildings50,000 23,000On1 July 2017. the Wondai Ltd Group acquired 80%. the shares in Yallingup Ltd. which recordedthe following account balances at that date:1 July 2017 $Buildings80,000Acc Depr.- Buildings32,000During the year ended 30 June 2018, the Wondai Ltd Group disposed of buildings with a carrying.amount of $63,000Required: Calculate the amount of consolidated cash flows from investing activities in relation tothe purchase of buildings for the year ending 30 June 2018

Given that the buildings value for 2017 is $268,000 and 2018 is $524,000. Cash flow from investing…

The Wondai Ltd Croup reports the following balances in its consolidated financial statements for the year ending 30 June 2018 $ 2017 $ Financial year Buildings 524,000 268,000 ACC Depr.- Buildings 190,000 143,000 Depr Expense - Buildings 50,000 23,000 the shares in Yallingup Ltd. which recorded On1 July 2017. the Wondai Ltd Group acquired 80%. the following account balances at that date: 1 July 2017 $ Buildings 80,000 Acc Depr.- Buildings 32,000 During the year ended 30 June 2018, the Wondai Ltd Group disposed of buildings with a carrying. amount of $63,000 Required: Calculate the amount of consolidated cash flows from investing activities in relation to the purchase of buildings for the year ending 30 June 2018

The Wondai Ltd Croup reports the following balances in its consolidated financial statements for the year ending 30 June 2018 $ 2017 $ Financial year Buildings 524,000 268,000 ACC Depr.- Buildings 190,000 143,000 Depr Expense - Buildings 50,000 23,000 the shares in Yallingup Ltd. which recorded On1 July 2017. the Wondai Ltd Group acquired 80%. the following account balances at that date: 1 July 2017 $ Buildings 80,000 Acc Depr.- Buildings 32,000 During the year ended 30 June 2018, the Wondai Ltd Group disposed of buildings with a carrying. amount of $63,000 Required: Calculate the amount of consolidated cash flows from investing activities in relation to the purchase of buildings for the year ending 30 June 2018

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 24E

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