CD Page view A Read aloud Question 18 The following are the statement of comprehensive income and financial position of

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Cd Page View A Read Aloud Question 18 The Following Are The Statement Of Comprehensive Income And Financial Position Of 1 (124.85 KiB) Viewed 10 times

CD Page view A Read aloud Question 18 The following are the statement of comprehensive income and financial position of Jones. Limited as at December 31st, 2019: Jones Limited Statement of Comprehensive Income for the Year Ended 31st December 2019 GHC GHC Net profit 45,200 Jones Limited Statement of Financial Position as at 31st December 2019 31/1/2019 31/1/2018 GHC GHC Non-current assets 209,600 150,000 Accumulated depreciation (38,000) (24,000) 171,600 126,000 Current assets Inventory 19,600 21,000 Receivables 20,400 17,200 Bank 11,400 10,000 Cash 8,400 3,600 59,800 51,800 Total assets 231,400 177,800 Equity capital Stated capital 103,600 42,400 Income surplus 56,600 160,200 45,200 87,600 Noncurrent liabilities Long term loan 40,000 60,000 Current liabilities. Trade payable 20,000 21,400 Dividend payable 6,000 5,400 Taxation 5,200 31,200 3,400 30,200 Total equity and liabilities 231,400 177,800 Notes ● During the year plant which originally cost GHC16,000 and with depreciation of GHC3,000 was disposed for GHC12,000. Required: (a)(b) Prepare the Statement of Cash-flow for Simons Limited for the year ended 31st December, 2018. Add tex