cash flow
The following transactions are extracted from MNP Ltd. for the year ended on June 30, 2020:
(i) Plant assets sold at Tk. 5,300 which was purchased 6 years before for Tk. 20,000. The plant assets
were depreciated on a straight-line basis assuming useful life of 10 years with no residual value.
(ii) Issued 10,000 shares of Tk. 10 each at a price of Tk. 43 per share.
(iii) Issued shares for a 70% interest in ABC Co. for Tk. 9,00,000.
(iv) Patent amortization for the year was Tk. 20,000.
(v) The company’s net loss for the year Tk. 50,000. Depreciation charged Tk. 22,000 and realized a
gain of Tk. 9,000 on the sale of a land for Tk. 39,000.
(vi) A 3-months Govt. Treasury Bill of Tk. 1,00, 000 was purchased.
Requirement: State the treatment of the above transactions in the Cash Flow Statement of MNP for
the year ended on June 30, 2020
Homework Answers
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Prepare the statement of cash flows for Emporium Ltd for the year ended 30 June 2020, using the direct method. (Show amounts that decrease cash flow using either a negative sign, e.g. -15,000 or paren...
Prepare the statement of cash
flows for Emporium Ltd for the year ended 30 June 2020, using the
direct method. (Show amounts that decrease cash flow using either a
negative sign, e.g. -15,000 or parentheses, e.g. (15,000).)
If it's convenient, can you leave the problem-solving process?
I'm not very familiar with how to calculate this problem. Thank
you.
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Prepare the statement of cash
flows for Emporium Ltd for the year ended 30 June 2020, using the
direct method. (Show amounts that decrease cash flow using either a
negative sign, e.g. -15,000 or parentheses, e.g. (15,000).)
If it's convenient, can you leave the problem-solving process?
I'm not very familiar with how to calculate this problem. Thank
you.
The following data relate to Emporium Ltd: Emporium Ltd Income statement for year ended 30 June 2020 Income Sales revenue $1,250,000 Expenses...
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