Homework Answers
Answer :
(a).
| Svoboda Corporation | |||
| Sources and Used of Fund Statement | |||
| For December 31 20X1 to December 31 20x2 | |||
| Sources | Uses | ||
| Fund Provided By Operation | |||
| Net Profit | 7 | Dividend | 3 |
| Depreciation | 5 | Addition to Fixed Asset | 10 |
| Decrease other Asset | 3 | Increase account receivable | 7 |
| Increase account Payable | 3 | Increase Inventory | 3 |
| Increase Accrued Tax | 2 | Decrease ,Note Payable | 20 |
| Increase Long Term Debt | 15 | ||
| Increase Common Stock | 6 | ||
| Decrease ,Cash and Equivalent | 2 | ||
| 43 | 43 | ||
(b).
| Svoboda Corporation | |
| Statement of Cash Flow | |
| Cash flow from Operating Activities | |
| Net Income | 7 |
| Depreciation | 5 |
| Increase account Payable | 3 |
| Increase Accrued Tax | 2 |
| Increase account receivable | -7 |
| Increase Inventory | -3 |
| Net Cash Provided by operating Activities | 7 |
| Cash flow from Investing Activities | |
| Addition to Fixed Asset | -10 |
| Proceeds from sales of other asset | 3 |
| Net Cash used by investing Activities | -7 |
| Cash flow from Financing Activities | |
| Decrease in short term bank borrowing | -20 |
| Addition to long term borrowing | 15 |
| Procceds from the Sales of Common Stock | 6 |
| Dividend paid | -3 |
| Net Cash used by Financing Activities | -2 |
| Decrease in Cash and Cash Equivalent | -2 |
| Cash and Cash Equivalent December 31 20X1 | 5 |
| Cash and Cash Equivalent December 31 20X2 | 3 |
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full answer Question 5 (20 marks) The comparative Balance Sheets and the Income statement for the...
full answer
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full answer
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