Proceeds from sale of land 1800000 payment of cash

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Proceeds from sale of land 1,800,000 Payment of cash dividend (2,000,000) Profit 8,500,000 Increase in accounts receivable (2,000,000) Decrease in inventory 2,400,000 Increase in trade payables 4,200,000 Increase in income tax payable 1,300,000 Decrease in interest payable (700,000) Impairment loss on equipment 300,000 Cash balance, January 1, 2012 8,000,000 Cash balance, December 31, 2012 26,900,000 5-10. (BAHT COMPANY) Baht Company Statement of Cash Flows For the Year Ended December 31, 2012 Cash flows from operating activities Profit (loss) for the year P (20,000) Adjustments for Depreciation expense 35,000 Amortization of premium on bonds (5,000) Gain on equipment sale (4,000) Gain on bond retirement (10,000) Dividends on investment in associate 40,000 Income from associates (65,000) Increase in accounts payable 18,000 Increase in revenue received in advance 7,000 Increase in accounts receivable (20,000) Decrease in prepayments 6,000 Decrease in inventory 5,000 P(13,000 ) Cash flows from investing activities Purchase of property and equipment (30,000 Cash flows from financing activities Retirement of bonds (80,000) Issue of share capital 60,000 Purchase of treasury shares (16,000) Payment of dividends (25,000 ) (61,000) Decrease in cash P(104,000) Add cash balance, beginning 204,00 0 Cash balance, end P 100,000
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Chapter 5 – The Statement of Cash Flows MULTIPLE CHOICE QUESTIONS Theory MC1 D MC6 C MC11 D MC16 D MC2 C MC7 A MC12 C MC17 C MC3 A MC8 D MC13 D MC18 D MC4 A MC9 A MC14 C MC19 A MC5 C MC10 C MC15 A MC20 A Problems MC21 D 870,00 0 + 10,000 – 510,000 – 110,000 = 260,000 MC22 C 4,380,00 0 + 216,000 – 304,000 = 4,292,000 MC23 C 550,00 0 –500,000 + 125,000 = 175,000 MC24 B 250,00 0 + 550,000 – 600,000 – 450,000 = 250,000 MC25 B 200,00 0 + 500,000 – 250,000 = 450,000 MC26 D 750,00 0 – 29,000 + 21,000 + 15,000 = 757,000 MC27 C 260,000+40,000=300,000; 400,000–300,000=100,000; 100,000 +120,000-102,000 = 280,000 MC28 D 3,200,00 0 + 400,000 – 2,500,000 = 1,100,000 MC29 C 690,000-35,000-80,000+250,000+10,000+25,000+80,000 = 940,000 MC30 D 1,100,00 0 - 150,000 – 135,000 = 815,000 MC31 A 220,00 0 + 325,000 – 240,000 = 305,000 MC32 C 5,130,00 0 - 470,000 =430 ,000;1,820,000+80,000- 1,700,000=200,000; 430,000–200,000=230,000+30,000 = 260,000 MC33 A 149,000-17,000+13,000=145,000; 840,000- 53,000+32,000=819,000 MC34 B 3,600,00 0 + 2,500,000 – 1,550,000 – 2,910,000 = 1,640,000 MC35 D 910,000-40,000+70,000+50,000 = 990,000 990,00 0 – 60,000 – 50,000 – 90,000 + 30,000 = 820,000 MC36 C 30,000 – 5,000 = 25,000 MC37 A 264,00 0 + 25,000 = 289,000 MC38 D 820,00 0 – 25,000 -289,000 = 506,000 MC39 C 240,000-120,000= 120,000; 120,000 + 280,000 = 400,000 MC40 A 3,000,000+960,000–400,000=3,560,000;1,000,000+300,000–280,000 =1,020,00; 3,560,000 – 1,020,00 0 = 2,540,000 MC41 B 380,00 0 + 160,000 = 540,000 MC42 C 1,200,00 0 + 1,000,000 – 300,000 = 1,900,000 MC43 C 8,000,00 0 – 7,200,000 + 150,000 + 20,000 = 970,000 MC44 A Acc. Depreciation of equipment sold = 300,000 + 74,000 – 25,000 – 283,000 = 66,000 Cost of equipment sold = 66,000 + 100,000 = 166,000
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Equipment purchased = 925,000 + 166,000 – 780,000 = 311,000 MC45 D Dividends declared = 500,000 + 1,000,000 – 710,000 – 20,000 = 770,000 Dividends paid = 22,000 + 770,000 – 34,000 = 758,000 32
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