acct1511 2010s2 w8Q - QUESTION 2 (CONT.): STATEMENT OF CASH...

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QUESTION 2 (CONT.): STATEMENT OF CASH FLOWS Comparative Balance Sheets 30 June 2007 ($’000) 30 June 2006 ($’000) Current Assets Cash 193 240 Accounts receivable 400 470 Allowance for doubtful debts (50) (47) Inventory 420 380 Prepaid insurance 30 40 Non-Current Assets Land 605 620 Buildings 1205 840 Accum. depn. – buildings (390) (310) Trucks 215 215 Accum. depn. – trucks (80) (40) Office equipment 610 400 Accum. depn. – office equipment (220) (210) Net goodwill 170 190 Total Assets 3108 2788 Current Liabilities Accounts payable 210 290 Accrued expenses 120 140 Interest payable 40 40 Income tax payable 510 480 Final dividend payable 270 200 Non-Current Liabilities Borrowings 770 1100 Total Liabilities 1920 2250 Shareholders' Equity Share capital 400 300 Asset revaluation reserve 60 10 General reserve 110 50 Retained earnings 618 178 Total Shareholders' Equity 1188 538
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QUESTION 2 (CONT.): STATEMENT OF CASH FLOWS
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This note was uploaded on 09/08/2011 for the course ECON 908 taught by Professor Bullshit during the Spring '11 term at United Theological Seminary.

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acct1511 2010s2 w8Q - QUESTION 2 (CONT.): STATEMENT OF CASH...

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