ACCT 1002 Accounting 1B Week 7 Lecture Handout

ACCT 1002 Accounting 1B Week 7 Lecture Handout - f. From...

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E18-14 Preparing the cash flow statement – indirect method (adapted) The income statement and additional data of Capitol Properties Ltd follow: Additional Data: a. Acquisition of non-current assets is $116,000. Of this amount, $101,000 is paid in cash and $15,000 by signing a bill payable. b. Proceeds from sale of land total $24,000 c. Proceeds from issue of ordinary shares total $30,000 d. payment of long-term bill payable is $15,000 e. Payment of dividends is $11,000
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Unformatted text preview: f. From the balance sheet: 20X2 20X1 Current Assets: $ $ Cash 32,000 20,000 Accounts Receivable 43,000 58,000 Inventory 92,000 85,000 Current Liabilities: Accounts Payable 35,000 22,000 Accrued Liabilities 13,000 21,000 Required: Prepare Capitol Properties Ltd’s cash flow statement for the year ended 30 June 20X2, using the indirect method. Include a separate section for non-cash financing and investing activities....
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This note was uploaded on 12/14/2010 for the course ACCT 1002 taught by Professor Angela during the Three '10 term at University of Sydney.

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