ACCG871 Advanced Corporate Accounting

Olivia The
43211178

Weekly Assignment Questions

Exercise 19.8 page 738

Statement of Cash Flows

for the year ended 30 June 2013

Cash flows from operating activities

cash receipts from customers 676000
cash paid to suppliers and employees -605000 (483+62+74-12+2-5)
cash generated from operations 71000
interest paid -4000
income taxed paid -21000
net cash from operating activities 46000

cash flows from investing activities

plant -25000

cash flows from financing activities

proceeds from borrowing 40000
dividends paid -23000
net cash from financing activities 17000
net increase in cash and cash equivalents 38000
cash and cash equivalent at beginning of year 30000
cash and cash equivalents at end of year 68000

Exercise 19.12 page 740

Statement of Cash Flows
for the year ended 30 June 2013
cash flows from operating activities
profit before tax 138000
adjustment for :
depreciation 30000
gain on sale of plant -7000
interest expense 6000
decrease in account receivable 6000
increase in inventory -44000
decrease in prepayments 5000
increase in accounts payable 46000
increase in accrued liabilities 5000
cash generated from operations 185000
interest paid -5000
income taxes paid -43000
net cash from operating activities 137000

cash flows from investing activities

plant -106000

cash flows from financing activities

proceeds from borrowing 2000
dividends paid -80000
net cash from financing activities -78000
net increase in cash and cash equivalents -47000
cash and cash equivalent at beginning of year 96000
cash and cash equivalents at end of year 49000