In: Accounting
Statements of Financial Position of Company S -as at 30 June
2019 ($) |
2018 ($) |
|
Asset |
||
Cash at bank |
22000 |
0 |
Accounts receivable |
22000 |
18000 |
Inventory |
88000 |
56000 |
Equipment |
56000 |
46000 |
Accumulated depreciation – equipment |
-24000 |
-16000 |
Land |
35000 |
50000 |
Buildings |
75000 |
75000 |
Accumulated depreciation – buildings |
-15000 |
-10000 |
Total assets |
259000 |
219000 |
Liabilities |
||
Accounts payable |
45000 |
39000 |
Equity |
||
Share capital |
204000 |
174000 |
Retained earnings |
10000 |
6000 |
Total liabilities and equity |
259000 |
219000 |
Statements of Profit & Loss - as at 30 June
Income |
($) |
||
Sales revenue |
112500 |
||
Less: Expenses: |
|||
Cost of sales: |
|||
Beginning inventory |
56000 |
||
Add: Purchases |
92000 |
||
Less: Ending inventory |
88000 |
60000 |
|
Depreciation – equipment |
8000 |
||
Depreciation – buildings |
5000 |
||
Interest expense |
3500 |
||
Other expenses |
14000 |
||
90500 |
|||
Profit for the year |
22000 |
1. What is the Net cash from operating activities?
2. What is the Net cash from investing activities?
3. What is the Net cash from financing activities?