(Answered) Financial accounting processes assignment -assignment

Accounting

Financial Accounting Processes Assignment -

ASSIGNMENT DETAILS - STATEMENT OF CASH FLOWS

The financial statements of Pharmacy Adelaide Ltd attached.

Additional information:

1. Property, Plant and Equipment costing $141,000 was purchased for cash during the year.

2. Property, Plant and Equipment costing $36,000 was sold during the year.

3. Other expenses include $35,500 depreciation expense on Property, Plant and Equipment

4. All sales and purchases of inventory were on credit.

5. Land was sold at cost.

6. Ignore taxes.

Required (please show workings):

1. Prepare a cash flow statement for Pharmacy Adelaide Ltd for the year ended 30 June 2019 using the direct method. Show all workings as most of the marks will come from workings!

2. Reconcile profit and net cash provided (used) by operating activities using the indirect method.

Attachment:- Assignment File.rar

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