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Sample Problem With Computation (FABM2)

Accounting Statement of Financial Position Statement of Comprehensive Income CASH FLOW STATEMENT VERTICAL ANALYSIS

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Chariz Joice Rodriguez
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24 views6 pages

Sample Problem With Computation (FABM2)

Accounting Statement of Financial Position Statement of Comprehensive Income CASH FLOW STATEMENT VERTICAL ANALYSIS

Uploaded by

Chariz Joice Rodriguez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Preferred Stocks – 851, 765

Inventory – 850, 688


Long – term debt – 2, 650, 133
Sales – 850, 340
Retained Earnings – 484, 342
Land – 1, 321, 495
Accounts Receivable – 575, 385
Cost of Goods Sold – 143, 225
Depreciation – 565, 000
Cash – 1, 530, 845
General and Administrative Expenses – 175, 350
Notes Payable – 358, 219
Machinery and Equipment – 1, 581, 831
Selling Expenses – 156, 765
Accounts Payable – 950, 785
ABM Company

Statement of Financial Position

As of December 31, 2019

Assets
Current Assets
Cash P1,530, 845
Accounts Receivable P575, 385
Inventory P850, 688
Total Current Assets P2, 956, 918
Noncurrent Assets
Machinery and Equipment P1, 581, 831
Land P1, 321, 495
Depreciation (P565, 000)
Total Noncurrent Assets P2, 338, 326
Total Assets P5, 295, 244
Liabilities
Current Liabilities
Accounts Payable P950, 785
Notes Payable P358, 219
Total Current Liabilities P1,309,004
Noncurrent Liabilities
Long-Term Debt P2, 650, 133
Total Noncurrent Liabilities P2, 650, 133
Total Liabilities P3, 959, 137
Owner’s Equity
Retained Earnings P484, 342
Preferred Stocks P851, 765
Total Owner’s Equity P1, 336, 107
Total Liabilities and Owner’s Equity P5, 295, 244
Account Form

Steve’s Merchandising Company

Statement of Financial Position

As of December 31, 2020

Assets Liabilities and Owner’s Equity

Current Assets Current Liabilities


Cash P1,530, 845 Accounts Payable P950, 785
Accounts Receivable P575, 385 Notes Payable P358, 219
Inventory P850, 688 Total Current Liabilities P1, 309, 004
Total Current Assets P2, 956, 918 Noncurrent Liabilities
Noncurrent Assets Long-term Debt P2, 650, 133
Machinery & Equipment P1, 581, 831 Total Noncurrent Liabilities P2, 650, 133
Land P1, 321, 495 Total Liabilities P3, 959, 137
Depreciation (P565, 000) Owner’s Equity
Total Noncurrent Assets P1, 581, 831 Retained Earnings P484, 342
Total Assets P5, 295, 244 Preferred Stocks P851, 765
Total Owner’s Equity P1, 336, 107
Total Liabilities and Owner’s Equity P5, 295, 244
ABM Company

Statement of Comprehensive Income

For the Year Ended December 31, 2019

NET SALES Php 850, 340

Cost of Goods Sold (143, 225)

Gross Profit Php 707, 115

General and Administrative Expenses (Php 175, 350)

Selling Expenses (Php 156, 765)

Net Income Php 375, 000


DIANA’S TRADING FILM

CASH FLOW STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 2018

Cash Flows from Operating Activities


Php 250, 350
Purchase of Goods
Php 559, 675
Sales of Goods
Php (125, 320)
Paid Utilities
Php 933, 345
Net Cash Generated by Operating Activities

Cash Flows from Investing Activities

Sold Equipment Php 265, 260

Net Cash Generated from Investing Activities Php 265, 260

Cash Flows from Financing Activities


Php 75, 985
Rent Paid
Php 55, 780
Owner’s Withdrawal Investment
Php 131, 765
Net Cash Generated by Financing Activities

Net Increase in Cash and Cash Equivalents Php 1, 330, 370

Cash, January 1, 2018 Php 30, 700

Cash, December 31, 2018 Php 1, 361, 070


VERTICAL ANALYSIS

Cash P1, 530, 845 / P5, 295, 244 28.91%

Accounts Receivable P575, 385 / P5, 295, 244 10.87%

Inventory P850, 688 / P5, 295, 244 16.06%

Total Current Assets P2, 956, 918 / P5, 295, 244 55.84%

Land P 1, 321, 495 / P5, 295, 244 24.96%

Machinery and Equipment P1, 581, 831 / P5, 295, 244 28.87%

Depreciation P565, 000 / P5, 295, 244 10.67%

Total Non-current Assets P2, 338, 326 / P5, 295, 244 44.16%

Accounts Payable P950, 785 / P5, 295, 244 17.96%

Notes Payable P358, 219 / P5, 295, 244 6.76%

Long-Term Debt P2, 650, 133 / P5, 295, 244 50.05%

Total Liabilities P3, 959, 137 / P5, 295, 244 74.77%

Preferred Stocks P851, 765 / P5, 295, 244 16.09%

Retained Earnings P484, 342 / P5, 295, 244 9.15%

Total Owner’s Equity P1, 336, 107 / P5, 295, 244 25.23%

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