User Account

All Pages

What net cash flows from the transactions would be

Assignment Help Financial Accounting
Reference no: EM132757267

CASH is KING ltd, a limited liability company, has non-current assets with a carry value of 300,000 on 1st December 2019. During the year ended 30 November 2020, the following occurred:

  1. Depreciation of $100,000 was charged to the income statement.
  2. Land and Buildings with a carry value of 150,000 were revalued to 180,000.
  3. An asset with a carrying value of $30,000 was disposed of for 45,000
  4. The carrying value of non-current assets at 30 November 2020 900,000.

Problem 1: In accordance with IAS7 Statement of Cash Flows, what net cash flows from the above transactions would be included within net cash flows from investing activities for the year ended 30 November 2020?

Reference no: EM132757267

Questions Cloud

Explain why soren kierkegaard is a socratic gadfly : Please explain why Søren Kierkegaard is a socratic gadfly?
Would consider profit to be antithetical to the teaching : Corporations, in general, aim to make a profit. Would you consider profit to be antithetical to the teachings of the Bible and Christ? Explain your reasoning.
What is personal insight on theme : What is your personal insight on this theme? ?Philosophy provides the driving purpose of education by questioning its essence.
Understanding of distinction account : Does an understanding of this distinction help account for why persons who know certain habits or behaviors are harmful, still persist in those behaviors?
What net cash flows from the transactions would be : What net cash flows from the transactions would be included within net cash flows from investing activities for the year ended 30 November 2020?
How does your view of education compare to arendt : Education is the point at which we decide whether we love the world enough to assume responsibility for it."
Find what loss on asset realization is : Share profits in the respective ratio of 4:2:1. Paul received P52,000 as a result of the liquidation of the partnership. Loss on asset realization is
Differentiate deontology and teleology : Differentiate Deontology and Teleology? Give example Contrast Metaethics and Normative Ethics
What are the characteristics of moral values : What are the characteristics of moral values? Please help me explain each.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd