Group Assignment 6

Group 7
Anurag Priyadarshi, 380
Fiza Azmi, 390
Sarthak Agrawal, 415

Answer 1

Cash Flows Statement of Cruz Inc. for the year 2018 INR
Cash Flows from Operating Activities (Indirect Method) (A): 30000
Add: Non cash exp and non-ope exp:
Depreciation Expense 37600
Less: Non cash incomes and non ope incomes:
Working capital adjustments:
Add: Increase in CL & Decrease in CA except cash and CE:
Wages Payable 4000
Account Receivables 10000
Inventory 10000
Less: Decrease in CL & Increase in CA except cash and CE:
Accounts Payable 6000
Income tax Payable 1200
Prepaid Expenses 1200
N et cash inflows (outflows) from operating activities (A) 83200
Cash Flows from Investing Activities (B):
Purchase of Furniture -19600
N et cash inflows (outflows) from investing activities (B) -19600
Cash Flows from Financing Activities (C):
Issue of common Stock 50000
Notes payable -40000
Dividend Paid -2800
N et cash inflows (outflows) from investing activities (C) 7200
Cash inflows from all the activities (A+ B+ C) 70800
Cash and cash equivalents on 31/ 12/ 2017 24000
Cashf and cash equivalents on 31/ 12/ 2018 94800

Ending Furniture= Beg Furn+ Purchases- Dep- Sale

92000= 110000+ Purchase-37600-Sale
Purchase-Sale= 92000+ 37600-110000
Purchase (As Sale of Equipment= 0) 19600
Answer 2

Cash Flows Statement of Montogomery for the year 2019 INR

Cash Flows from Operating Activities (Indirect Method) (A): 10500
Add: Non cash exp and non-ope exp:
Depreciation Expense 7200
Less: Non cash incomes and non ope incomes:
Working capital adjustments:
Add: Increase in CL & Decrease in CA except cash and CE:
Decrease in Account Receivables 2100
Less: Decrease in CL & Increase in CA except cash and CE:
Decrease in Account Payables 1500
Decrease in Salaries Payables 100
Increase in Inventory 19950
N et cash inflows (outflows) from operating activities (A) -1750
Cash Flows from Investing Activities (B):
Purchase of Equipment -8400
N et cash inflows (outflows) from investing activities (B) -8400
Cash Flows from Financing Activities (C):
Issue of Common Stock 10000
N et cash inflows (outflows) from investing activities (C) 10000
Cash inflows from all the activities (A+ B+ C) -150
Cash and cash equivalents on 31/ 12/ 2018 30550
Cashf and cash equivalents on 31/ 12/ 2019 30400

Ending Equip= Beg. Equip - Dep - Sales + Purchase

49900 - 22500 = 41500 -15300 - 7200 -0 + Purchase
Purchase = 8400
Answer 3

Cash Flows Statement of Golden Corp for the year 2018 INR
Cash Flows from Operating Activities (Indirect Method) (A): 136000
Add: Non cash exp and non-ope exp:
Depreciation Expense 54000
Less: Non cash incomes and non ope incomes:
Working capital adjustments:
Add: Increase in CL & Decrease in CA except cash and CE:
Increase in Account Payable 16000
Increase in Income Tax Payable 3000
Less: Decrease in CL & Increase in CA except cash and CE:
Increase in Account Receivables 12000
Increase in Inventory 75000
N et cash inflows (outflows) from operating activities (A) 122000
Cash Flows from Investing Activities (B):
Purchase of Equipment -36000

N et cash inflows (outflows) from investing activities (B)

Cash Flows from Financing Activities (C):

Dividend Paid -89000
Issue of Common Stock 60000

N et cash inflows (outflows) from investing activities C -29000

Cash inflows from all the activities (A+ B+ C) 57000
Cash and cash equivalents on 31/ 12/ 2017 107000
Cashf and cash equivalents on 31/ 12/ 2018 164000

Ending PPE= Beg PPE -Dep + Purchase- Sale

335000-158000= 299000-104000-54000+ 36000- Sale
Sale 0