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The excerpts that foowww adapted from financial statements of a Canadian not-for-profit organization Click then to view partial balance sheet and statement of cash flows) Requirements 1. How much was the entity's cost of property, plant and equipment at March 31, 2020? How much was the carrying amount of property, plant, and equipment? Show computations 2. The financial statements give tour pieces of evidence that the entity purchased property, plant, and equipment and sold long-term investments during 2020 What is the evidence? 1. Papers Taccounts for Property Plant and Espment, Accumulated Depreciation, and Long-Term investments. Then show all the activity in these accounts during 2020 Label each increase or decrease and give its dolar amount Why is depreciation added to net income on the statement of cash flow? - X Partial balance sheet and statement of cash flows Requirement 1. How much as the entity's cost of property, plant, and equipment at March 31, 2020? How The cost of property part, and equipment at March 31, 2020, is March 21 amounts in thousands) Balance Sheet 2020 Assets Talents Property, plant, and equipment Less accumulated depreciation ********** Consolidated Statement of Cash Flow Operating excess of revenues Non-cash Homs affecting net income Depreciation Cash flows from investing activities Help me solve this Calculator Ask my instructor Additions to property, plant, and equipment Reduction of (addition to long-term investments 2019 277,354 S 60,423 (24.501) 106.305 For the Year Ended March 31 2020 2019 13.000 4.100 (17,729) 30.850 261,123 61,204 (22.732) 147,155 15,304 3,748 (23) (06.317) Check anawen
The excermat tow are alapted from financial statements of a Canadian not-for-profit organization Click the icon to view the partial balance sheet and statement of cash flows) Requirements 1. How much was the entity's cost of property, plant, and equipment at March 31, 20207 How much was the carrying amount of property, plant, and equipment? Show computations The financial statements give four pieces of evidence that the entity purchased property, plant, and equipment and sold long-term investments during 2020. What is the evidence? 3. Prepare T-accounts for Property Plant, and Equipment, Accumulated Depreciation, and Long-Term Investments. Then show all the activity in these accounts during 2020. Label each increase or decrease and give its doilar amount 4. Why is depreciation added to net income on the statement of cash flows? Partial balance sheet and statement of cash flows Requirement 1. How much was the entity's cost of property, plant, and equipment at March 31, 2020 The cost of property, plant, and equipment at March 31, 2020, amounts in thousands) March 31 2020 Balance Sheet Assets Totalcumentat 277,354 S €8.423 Property, plant, and equipment (26.901) Less accumulated depreciation Long-term investments 108,305 For the Year Ended March 31 2020 2019 Consolidated Statement of Cash Flows Operating excess of revenues over expense Non-cash items affecting net income Depreciation Cash flows from investing activities Hoin me sehin this Additions to property, plant, and equipment Reduction of (addition to long-term investments $ $ 13.038 (7.729) 38.850 2019 201,123 61,294 (22,732) 147,155 3,748 (0.623) (06.317)