Balance sheet Assets Non-current assets Property, plant and equipment Long-term receivables Total non-current assets Current Assets Goods Customers Cheques receivable Cash Total current assets Total assets Equity and Liabilities Equity Equity Reserves Total Equity Obligations Long-term liabilities Current Liabilities Suppliers Other current liabilities Taxes Payable Total Current Liabilities Total Liabilities Total Equity and Liabilities Sales Cogs Mixed result Staff remuneration Profit and loss statement Miscellaneous costs Depreciation Profit before tax Income Tax Net profit for the financial year The following data are given: ● ● 2020 240.000,00 180.000,00 25.000,00 14.000,00 265.000,00 194.000,00 2021 55.000,00 40.000,00 125.000,00 135.000,00 62.000,00 71.000,00 183.000,00 160.000,00 425.000,00 406.000,00 690.000,00 600.000,00 200.000,00 170.000,00 92.000,00 60.000,00 292.000,00 230.000,00 55.000,00 30.000,00 730.000,00 -240.000,00 490.000,00 -114.000,00 -255.000,00 -60.000,00 61.000,00 -13.420,00 225.000,00 185.000,00 102.000,00 139.000,00 16.000,00 16.000,00 343.000,00 340.000,00 398.000,00 370.000,00 690.000,00 600.000,00 47.580,00 Purchase of property, plant and equipment with cash resources 120000 ● Payment of dividends with cash reserves of € 15,580 ● Share capital increase with cash reserves of € 30,000 Increase of long-term liabilities by € 25000 against cash It is requested that the Cash Flow Statement be prepared using the indirect method.
Balance sheet Assets Non-current assets Property, plant and equipment Long-term receivables Total non-current assets Current Assets Goods Customers Cheques receivable Cash Total current assets Total assets Equity and Liabilities Equity Equity Reserves Total Equity Obligations Long-term liabilities Current Liabilities Suppliers Other current liabilities Taxes Payable Total Current Liabilities Total Liabilities Total Equity and Liabilities Sales Cogs Mixed result Staff remuneration Profit and loss statement Miscellaneous costs Depreciation Profit before tax Income Tax Net profit for the financial year The following data are given: ● ● 2020 240.000,00 180.000,00 25.000,00 14.000,00 265.000,00 194.000,00 2021 55.000,00 40.000,00 125.000,00 135.000,00 62.000,00 71.000,00 183.000,00 160.000,00 425.000,00 406.000,00 690.000,00 600.000,00 200.000,00 170.000,00 92.000,00 60.000,00 292.000,00 230.000,00 55.000,00 30.000,00 730.000,00 -240.000,00 490.000,00 -114.000,00 -255.000,00 -60.000,00 61.000,00 -13.420,00 225.000,00 185.000,00 102.000,00 139.000,00 16.000,00 16.000,00 343.000,00 340.000,00 398.000,00 370.000,00 690.000,00 600.000,00 47.580,00 Purchase of property, plant and equipment with cash resources 120000 ● Payment of dividends with cash reserves of € 15,580 ● Share capital increase with cash reserves of € 30,000 Increase of long-term liabilities by € 25000 against cash It is requested that the Cash Flow Statement be prepared using the indirect method.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 13DQ: Define current assets and current liabilities. Why are current assets and current liabilities...
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