Problem solving. The comparative statements of financial position of DCF NV at the beginning and end of the year 2021 ap
Posted: Tue Apr 26, 2022 9:42 am
Problem solving.
The comparative statements of financial position of DCF
NV at the beginning and end of the year 2021 appear
below.
- Net income of €47,000 was reported, and dividends of €1 5,000
were paid in 2021 . New equipment was purchased and none was
sold.
- Requirements:
- Prepare a statement of cash flows for the year 2021 .
DCF NV Statements of Financial Position Assets Dec. 31, 2021 Jan. 1, 2021 Inc./Dec. Equipment € 46,000 € 34,000 €12,000 Inc. Less: Accumulated depreciation equipment (18,000) (10,000) 8,000 Inc. Accounts receivable 113,000 93,000 20,000 Inc. Cash 70,000 17,000 53,000 Inc. Total €211,000 €134,000 Equity and Liabilities Share capital-ordinary €110,000 € 80,000 30,000 Inc. Retained earnings 68,000 36,000 32,000 Inc. Accounts payable 33,000 18,000 15,000 Inc. Total €211,000 €134,000
The comparative statements of financial position of DCF
NV at the beginning and end of the year 2021 appear
below.
- Problem Solving The Comparative Statements Of Financial Position Of Dcf Nv At The Beginning And End Of The Year 2021 Ap 1 (146.49 KiB) Viewed 41 times
were paid in 2021 . New equipment was purchased and none was
sold.
- Requirements:
- Prepare a statement of cash flows for the year 2021 .
DCF NV Statements of Financial Position Assets Dec. 31, 2021 Jan. 1, 2021 Inc./Dec. Equipment € 46,000 € 34,000 €12,000 Inc. Less: Accumulated depreciation equipment (18,000) (10,000) 8,000 Inc. Accounts receivable 113,000 93,000 20,000 Inc. Cash 70,000 17,000 53,000 Inc. Total €211,000 €134,000 Equity and Liabilities Share capital-ordinary €110,000 € 80,000 30,000 Inc. Retained earnings 68,000 36,000 32,000 Inc. Accounts payable 33,000 18,000 15,000 Inc. Total €211,000 €134,000