- Not Yet Answered Summarised Statements Of Financial Position Time Lere Marked Out Of 24 00 2020 Depon Cost Cost 2021 De 1 (139.58 KiB) Viewed 27 times
Not yet answered Summarised statements of financial position: Time lere Marked out of 24.00 2020 Depºn Cost Cost 2021 Dep1 P Flag question 312,000(53,000) 292,000 (37,000) 184,000 (22,000) 426,000 (86,000) 344,000 (61,000) 211,000 (37,000) Assets Goodwill Premises Fixtures Equipment Long term investments Closing stock Debtors Short term investments Bank Cash NBV 346,000 259,000 255,000 162,000 44,900 37,800 25,500 20,400 0 9,200 1,159,800 NBV 259,000 340,000 283,000 174,000 76,300 8,400 12,900 54,100 36,700 30,500 1,274,900 Equity and Liabilities Share capital Share premium General reserves Revaluation reserves Retained earnings 10% Mortgage Creditors Tax payable Interest owing Dividends owing Bank overdraft 283,000 106,100 144.300 32,600 192,500 292.000 26,300 12,200 32,400 16,800 21,600 1,159,800 204,000 81.600 175,000 121,000 368,900 223,000 19.100 38,600 12,900 30.800 0 1.274,900 Summaricod rofit information for 2021 un tad manai
Timelert 2:24:38 estion MegaMix Traders distributes a wide range of household items. They have a December 31 financial year end. The chief accountant has provided you with the following summarised financial data: t red Summarised statements of financial position: d out of 2020 Depºn 2021 Depºn Cost Cost question 312,000 (53,000 292,000 (37,000) 184,000 (22,000) 426,000 (86,000) 344,000 (61,000) 211,000 (37,000) Assets Goodwill Premises Fixtures Equipment Long term investments Closing stock Debtors Short term investments Bank Cash NBV 346,000 259,000 255,000 162,000 44,900 37,800 25,500 20,400 0 9.200 1,159,800 NBV 259,000 340,000 283,000 174,000 76,300 8,400 12,900 54,100 36,700 30,500 1,274,900 Equity and Liabilities Share capital Share premium General reserves Revaluation reserves Retained earnings 10% Mortgage Creditors Tax payable Interest owing Dividends.owing 283,000 106,100 144,300 32,600 192,500 292,000 26 300 12,200 32,400 16.800 204,000 81,600 175,000 121,000 368,900 223,000 19,100 38,600 12,900 30.800 x]
Summarised profit information for 2021 Gross profit PBT less Tax PAT add Retained earnings b/d less Transfer to reserves less Dividends Retained earnings c/d $ 544,600 309,600 (49,000) 260,600 192,500 (30,700) (53,500) 368,900 Additional notes: 1. 11. The premises was revalued during the year. During the year, equipment costing $83,000 with a book value of $41,000 was sold at a gain of $6,900. Required: Prepare the cash flow statement for MegaMix Traders. Recomme