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    Jeanelle Colaire
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    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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    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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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    51 views5 pages

    39.1 Solution

    Uploaded by

    Jeanelle Colaire
    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.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 5

    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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