Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required (please show workings): 1. prepare a cash

Required (please show workings): 1. Prepare a cash flow statement for Pharmacy Adelaide Ltd for...

50.1K

Verified Solution

Question

Accounting

imageimage

Required (please show workings):

1. Prepare a cash flow statement for Pharmacy Adelaide Ltd for the year ended 30 June 2019 using the direct method. Show allworkings as most of the marks will come from workings.

2. Reconcile profit and net cash provided (used) by operating activities using the indirect method.

The financial statements of Pharmacy Adelaide Ltd appear below: Pharmacy Adelaide Ltd Comparative Statements of Financial Position as at 30 June 2019 ASSETS 2018 2019 Cash at Bank Accounts Receivade Consultation Service Receivable Inventory Prepaid Insurance Land Property, Plant and Equipment Accumulated Depreciation -PP&E $33,400 25,000 61,060 2,000 121,900 6,500 84,500 310,000 (46,500) 37,000 1,000 102,650 9,500 107,000 205,000 (40,000) 455564 460 IABILITIES AND EQUITY Accounts Payable Interest Payable Income Tax Payable Other Expenses Payable Debentures Payable Share Capital Retained Earnings $ 48,280 62,700 12,500 2,000 15,000 275,000 135,600 61,660 $455,550 564.460 18,800 1,000 13,500 246,870 78,100 49,000

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

For this problem, carry at least four digits after the decimal in your calculations. Answers may...

Statistics
Q

100 moles/hour of pure ethane at 25 degrees Celsius and 1.0 atm are burned with 50.0%...

Chemistry
Q

Throughout Maus, Art is consumed with guilt. Discuss these different forms of guilt. How do they...

Psychology
Q

TLS is frequently and incorrectly described as a total security solution for digital business via credit...

General Management
Q

10 Two point charges q and q are separated by a distance 27 Find the...

Physics
Q

Lett be the number of years since 1984 What does t 13 mean in this...

Basic Math
Q

The length of a rectangle is six times its width If the perimeter of the...

Basic Math
Q

A regional automobile dealership sent out fliers to prospective customers indicating that they had already...

Statistics
Q

Use the diagram below to find the missing values Note triangle not to scale a...

Algebra
Q

Find the equation for the line that passes through the point 3 4 and that...

Algebra
Q

Mr. Andre James is in business trading as James CC. He received a Statement from...

Accounting
Q

what is the differences bewteen IFRS and TFRS

Accounting