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2. ASSETS Non-Current Assets Land Equipment (-) Accumulated depreciation Building (-) Accumulated depreciation Total non-current assets Current Assets Cash Accounts receivable Inventory Prepaid insurance Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Ordinary shares Retained earnings Total Equity LIABILITIES Non-current Liabilities Bonds payable Total non-current liabilities Current Liabilities Accounts payable Total current liabilities TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Additional information: Syarikat Sentosa Comparative Balance Sheet as at 31 December 200,000 (60,000) 250,000 (75,000) 37,000 80,000 121,000 12,110 280,000 138,110 235,000 42,000 20X9 (RM) 130,000 250,110 695,110 175,000 140,000 (42,000) 133,000 250,000 175,000 (50,000) 200,000 445,000 498,000 418,110 235,000 42,000 277,000 695,110 49,500 65,000 130,000 14,550 250,000 191,050 265,000 20X8 51,000 (RM) 165,000 259,050 757,050 441,050 265,000 51,000 316,000 757,050 1. Operating expenses include depreciation expense of RM50,000 and charges from prepaid xpenses of RM4,200. 2. Land was sold for cash at cost. 3. Profit for the period 20X9 was RM35,300. 4. Equipment was purchased for RM55,000 cash. In addition, equipment costing RM40,000 with a book value of RM23,000 was sold for RM24,000 cash. 5. Bonds were converted at face value by issuing 30,000 ordinary shares of RM1 par value. 6. Net sales in 20X9 were RM67,000. Required: Prepare the consolidated cash flow statement of Syarikat Sentosa for the year ended 20X9 using the indirect method.

2. ASSETS Non-Current Assets Land Equipment (-) Accumulated depreciation Building (-) Accumulated depreciation Total non-current assets Current Assets Cash Accounts receivable Inventory Prepaid insurance Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Ordinary shares Retained earnings Total Equity LIABILITIES Non-current Liabilities Bonds payable Total non-current liabilities Current Liabilities Accounts payable Total current liabilities TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Additional information: Syarikat Sentosa Comparative Balance Sheet as at 31 December 200,000 (60,000) 250,000 (75,000) 37,000 80,000 121,000 12,110 280,000 138,110 235,000 42,000 20X9 (RM) 130,000 250,110 695,110 175,000 140,000 (42,000) 133,000 250,000 175,000 (50,000) 200,000 445,000 498,000 418,110 235,000 42,000 277,000 695,110 49,500 65,000 130,000 14,550 250,000 191,050 265,000 20X8 51,000 (RM) 165,000 259,050 757,050 441,050 265,000 51,000 316,000 757,050 1. Operating expenses include depreciation expense of RM50,000 and charges from prepaid xpenses of RM4,200. 2. Land was sold for cash at cost. 3. Profit for the period 20X9 was RM35,300. 4. Equipment was purchased for RM55,000 cash. In addition, equipment costing RM40,000 with a book value of RM23,000 was sold for RM24,000 cash. 5. Bonds were converted at face value by issuing 30,000 ordinary shares of RM1 par value. 6. Net sales in 20X9 were RM67,000. Required: Prepare the consolidated cash flow statement of Syarikat Sentosa for the year ended 20X9 using the indirect method.

Cornerstones of Financial Accounting
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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2. ASSETS Non-Current Assets Land Equipment (-) Accumulated depreciation Building (-) Accumulated depreciation Total non-current assets Current Assets Cash Accounts receivable Inventory Prepaid insurance Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Ordinary shares Retained earnings Total Equity LIABILITIES Non-current Liabilities Bonds payable Total non-current liabilities Current Liabilities Syarikat Sentosa Comparative Balance Sheet as at 31 December 200,000 (60,000) 250,000 (75,000) 37,000 80,000 121,000 12,110 280,000 138,110 235,000 20X9 (RM) 130,000 42,000 175,000 140,000 (42,000) 133,000 250,000 175,000 (50,000) 200,000 445,000 498,000 250,110 695,110 418,110 235,000 49,500 65,000 130,000 14,550 42,000 277,000 695,110 250,000 191,050 265,000 20X8 (RM) 165,000 51,000 259,050 757,050 Accounts payable Total current liabilities TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Additional information: 1. Operating expenses include depreciation expense of RM50,000 and charges from prepaid expenses of RM4,200. 2. Land was sold for cash at cost. 3. Profit for the period 20X9 was RM35,300. 4. Equipment was purchased for RM55,000 cash. In addition, equipment costing RM40,000 with a book value of RM23,000 was sold for RM24,000 cash. 441,050 265,000 51,000 316,000 757,050 5. Bonds were converted at face value by issuing 30,000 ordinary shares of RM1 par value. 6. Net sales in 20X9 were RM67,000. Required: Prepare the consolidated cash flow statement of Syarikat Sentosa for the year ended 20X9 using the indirect method.
Transcribed Image Text:2. ASSETS Non-Current Assets Land Equipment (-) Accumulated depreciation Building (-) Accumulated depreciation Total non-current assets Current Assets Cash Accounts receivable Inventory Prepaid insurance Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Ordinary shares Retained earnings Total Equity LIABILITIES Non-current Liabilities Bonds payable Total non-current liabilities Current Liabilities Syarikat Sentosa Comparative Balance Sheet as at 31 December 200,000 (60,000) 250,000 (75,000) 37,000 80,000 121,000 12,110 280,000 138,110 235,000 20X9 (RM) 130,000 42,000 175,000 140,000 (42,000) 133,000 250,000 175,000 (50,000) 200,000 445,000 498,000 250,110 695,110 418,110 235,000 49,500 65,000 130,000 14,550 42,000 277,000 695,110 250,000 191,050 265,000 20X8 (RM) 165,000 51,000 259,050 757,050 Accounts payable Total current liabilities TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Additional information: 1. Operating expenses include depreciation expense of RM50,000 and charges from prepaid expenses of RM4,200. 2. Land was sold for cash at cost. 3. Profit for the period 20X9 was RM35,300. 4. Equipment was purchased for RM55,000 cash. In addition, equipment costing RM40,000 with a book value of RM23,000 was sold for RM24,000 cash. 441,050 265,000 51,000 316,000 757,050 5. Bonds were converted at face value by issuing 30,000 ordinary shares of RM1 par value. 6. Net sales in 20X9 were RM67,000. Required: Prepare the consolidated cash flow statement of Syarikat Sentosa for the year ended 20X9 using the indirect method.
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