Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 4: a company had a $51 000 net loss for 2

Question 4: A company had a $51 000 net loss for 2019. A dividend of...

50.1K

Verified Solution

Question

Accounting

Question 4: A company had a $51 000 net loss for 2019. A dividend of $19 000 was paid during the year and depreciation expense for 2019 was $14 000. The balance sheet records the following working capital accounts as below. Calculate whether this company generated any cash from its operations during 2019. (10 Marks)

1 January 2019 ($)

31 December 2019 ($)

Cash

12500

10500

Inventory

15000

9000

Prepayments

5000

2000

Accounts Receivable

11000

15000

Accounts Payable

10000

11000

Accruals

7000

8000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Compare and contrast triglyceride synthesis, fatty acid synthesis, and phospholipid synthesis

Biology
Q

For the circuit shown the power dissipated in the external variable resistance R is plotted...

Physics
Q

Q23 Figure shows a ball having a charge q fixed at a point A Two...

Physics
Q

angle I can prove properties of angles for a quadrilateral ascribed in a circle Lesson...

Geometry
Q

is symmetric therefore it is orthogonally diagonalizable 1 Find an orthogonal matrix P and a...

Basic Math
Q

You just bought a new car and need to expand your driveway by pouring more...

Basic Math
Q

Simplify the expression to a bi form 4 175 100 112

Calculus
Q

balance stheot al December 31,2023...

Accounting
Q

Which of the following accounts normally has a debit balance? Supplies. Service Revenue. Common Stock....

Accounting
Q

Given the following Year 12 balance sheet data for a footwear company: Based on the...

Accounting
Q

Can u answer in terms of using excel, and showing how u get it! ...

Accounting
Q

When auditing merchandise inventory at year-end, the auditor performs audit procedures to obtain evidence that...

Accounting