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39.1 Solution

1) The statement summarizes the company's cash flows for the year ended December 31, 2016. It shows net cash from operating activities of $30,000, net cash used in investing activities of -$6,000, and net cash from financing activities of $8,000, resulting in an increase in cash of $1,000. 2) Key line items include net profit of $26,000, depreciation of $4,000, and decreases in inventory, accounts receivable, and accounts payable. Cash was also received from a loan and drawings were made. 3) Calculations show land & premises and plant & equipment balances and depreciation expense for 2015 and 2016.

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211 views5 pages

39.1 Solution

1) The statement summarizes the company's cash flows for the year ended December 31, 2016. It shows net cash from operating activities of $30,000, net cash used in investing activities of -$6,000, and net cash from financing activities of $8,000, resulting in an increase in cash of $1,000. 2) Key line items include net profit of $26,000, depreciation of $4,000, and decreases in inventory, accounts receivable, and accounts payable. Cash was also received from a loan and drawings were made. 3) Calculations show land & premises and plant & equipment balances and depreciation expense for 2015 and 2016.

Uploaded by

Jeanelle Colaire
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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A Vantuira

Statement of Cash Flows for the year ended 31st December 2016
$ $
Cash Flows from Operating Activities
Net Profit
Adjustment for:
Depreciation
Operating Cash Flows B4 Movement in W.C
Decrease in Inventory 2000
Decrease in Accounts Receivables 5000
Decrease in Accounts Payables -7000
Net Cash from Operating Activities
Cash Flows from Investing Activities
Purchase of Non-Current Asset -6000
Net Cash Used In Investing Activities
Cash Flows from Financing Activities
Receipt of Loan 25,000
Drawings -24,000
Net Cash from Financing Activities
Net Increase in Cash & Cash Equivalents
Cash & Cash Equivalents at the Beg of Yr
Cash & Cash Equivalents at the End of Yr

Calculations: 2015
Land & Premises Cost 160,000
NBV 140,000
Acc. Depreciation 20,000

Depreciation Exp 2000

Plant & Equipment Cost 24,000


NBV 22,000
Acc. Depreciation 2,000
ember 2016
$

26,000

4,000
30,000

0
30,000

-6,000

1,000
25,000
-17,000
8,000

2016
160,000
138,000
22,000

30,000
26,000
4,000
Pat Bond
Statement of Cash Flows for the year ended 31st December 2017
$ $ $
Cash flows from Operating Activities
Net Profit 42,320
Adjustments for:
Depreciation (400 + 4,040) 4440
Operating Cash Flows B4 Movement in Working Capital 46,760
Increase in Inventory -13,600
Increase in Accounts Receivables -3,600
Decrease in Accounts Payables -6,588 -23,788
Net Cash Flow from Operating Activities 22,972
Cash Flows from Investing Activities
Payments to acquire Non-Current Assets -11800
Net Cash flow used in Investing Activities -11,800
Cash Flows from Financing Activities
Loan Received 10,000
Cash Introduced 20,000
Drawings -43,200
Net Cash used in Financing Activities -13,200
Net decrease in Cash & Cash Equivalents -2,028
Cash & Cash Equivalents at Beg. Year 2,240
Cash & Cash Equivalents at End. Year 212

Cost NBV Depreciation Exp


Fixtures 800 400 400
Van 11,000 6960 4,040
4,440
D.Duncan
Statement of Cash Flows for the year ended 31 December 2015
$ $
Cash Flows from Operating Activities
Net Profit
Adjustments for:
Profit on sale of van -620
Increase in allowance for doubtful debt 200
Depreciation 1,800
Operating Cash Flows before Movements in W.C
Increase in Inventory -5,400
Decrease in Accounts Receivables 1,100
Increase in Accounts Payables 1300
Net Cash flow From Operating Activities
Cash Flows from Investing Activities
Receipt from Sale of Non-Current Asset 3,820
Net Cash flow From Investing Activities
Cash Flows from Financing Activities
Loan Payment -2,500
Drawings -22630
Net Cash used in Financing Activities
Increase in Cash & Cash Equivalents
Cash & Cash Equivalents at Beg Year
Cash & Cash Equivalents at End Year
cember 2015
$

23,240

1,380
24,620

-3,000
21,620

3,820

-25,130
310
410
720

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