PROBLEM: Consecutive balance sheets of Cow Ltd showed the following balances: 30 June 2021 30 June 2020 Land $850,000 Asset revaluation surplus $150,000 $500,000 During the year ended 30 June 2021, the land was revalued upwards by $150,000, and $120,000 was borrowed to acquire land. What was the value of land purchased for cash?

The information regarding the fixed assets of Melcher Inc. as of December 31, 2020 is provided below: Expected future cash flows from the fixed assets Historical cost of fixed assets Accumulated depreciation on fixed assets Present value of expected future cash flows from fixed assets What is the amount of any impairment loss under US GAAP? O $0 $5,000 $7,000 $37,000 $80,000 $105,000 $30,000 $68,000

Urgentt!!!   Calculate net cash from investing activities

The following are extracts from the financial statements of Captus Ltd. As at 31 March:     2021 2020   Sh.’000’ Sh.’000’ Sh.’000’ Sh.’000’ Fixed assets: Goodwill Freehold land and building Plant and machinery (NBV) Investment at cost   Current assets: Stocks Accounts receivable Investments Cash at hand and bank   Current liabilities Bank overdraft Accounts payable Proposed dividends Taxation   Net current assets   15% debentures   Capital and reserves: Authorised, issued and paid Sh.10 Ordinary shares Share premium Revaluation reserve Retained profit               10,050 6,140 1,710      200 18,100   (2,390) (5,850) (450)    (820) (9,510)   2,800 16,800 5,860   3,600 29,060                           8,590 37,650   (7,500) 30,150     18,000 1,500 4,500   6,150               8,700 7,800 840      430 17,770   (6,540) (5,250) (380)    (600) (12,770)   2,900 12,000 6,350   3,750 25,000                           5,000 30,000   (9,000) 21,000     15,000 750 -…

1   Chapter : Cash Flow Preparation

What is National Co.’s free cash flow for 2022?

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The information regarding the fixed assets of Broadwing Company as of December 31, 2019 is provided below: Expected future cash flows from the fixed assets Carrying value of fixed assets Present value of expected future cash flows from the fixed $80,000 $105,000 $68,000 $90,000 assets Selling price of fixed assets What is the amount of impairment loss under US GAAP? a. $10,000 b. $25,000 c. $23,000 d. $15,000

Additional information: • Depreciation expense is $ 13,300. • Dividends declared and paid in cash of $ 20,000. • In 2020, the equipment will sell for $ 9,700 in cash (the amount sold equipment equals the book value of the equipment). QUESTIONS a. Prepare a 2020 cash flow statement for trading company "MARS" with using the indirect method b. Based on the answer in point a, calculate free cash flow trading company "MARS". Provide an interpretation of the cash flow calculation results.