Week 2 Assessment: Preparing a Statement of Cash Flows using the Indirect Method

November 11, 2024November 11, 2024 Discipline: Business and Management

Week 2 Assessment: Preparing a Statement of Cash Flows using the Indirect Method

Please note: this is an individual assignment.

Presented below are financial statements along with additional information from Rajesh Ltd.:

Additional data

1. Net income from the income statement for 2020 was USD 32,000

2. Depreciation expense is USD 13,300

3. Dividends declared and paid were USD 20,000

4. During the year, equipment was sold for USD 9,700 cash. This equipment cost USD 18,000 originally and had accumulated depreciation of USD 8,300 at the time of sale.

Instructions:

Prepare a statement of cash flows for 2020 using the indirect method according to the information provided
Upload your work as a file
Grading

Each correct item in the statement of cash flows will be worth a certain number of points for a total of 100 points
This assessment will be graded by your learning facilitator and will count as 30% of your final grade

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