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Discontinued Operations

Revenue
Expenses
Profit or (Loss)
Less: Tax benefit
Net Loss, after tax

Selling Price
Less: Disposal Cost
Fair Value less cost to sell
Carrying Value
Impairment Loss
Discontinued Operations
Revenue
Expenses
Profit or (Loss)
Less: Tax benefit
Net Loss, after tax
Impairment Loss, net of tax
Discontinued Operations

Fair Value less cost to sell


Carrying Value
Impairment Loss

5,000,000.00
(5,155,000.00)
(155,000.00)
46,500.00
(108,500.00)

980,000.00
(150,000.00)
830,000.00
800,000.00
-

5,000,000.00
(5,155,000.00)
(155,000.00)
46,500.00
(108,500.00)
(126,000.00)
(234,500.00)

620,000.00
800,000.00
(180,000.00)

Problem 5-7
Euro Company
Statement of Cash Flows
December 31, 2016
Cash Provided by Operating Activities
Cash received from customers
Cash received from trade creditors
Less: Cash paid to suppliers
: Cash paid to employees
: Cash paid for rent
: Cash paid for interest
: Cash paid for income taxes
: Cash paid for miscellaneous
Cash Provided by Operating Activities

3,635,000.00
1,980,000.00
131,000.00
80,000.00
281,800.00
270,000.00

Cash Provided by Investing Activities


Proceeds from sale of plant assets
Purchase of buildings and equipment
Purchase of investment in associate

800,000.00
(7,600,000.00)
(4,000,000.00)

Cash Provided by Financing Activities


Dividends paid
Proceeds from issuance of shares

(1,200,000.00)
5,000,000.00

Increase in Cash during the period


Cash balance, beginning
Cash balance, end
Cash provided by operating activities
Profit for the period
Add: Income tax expense
:Interest expense
Profit before interest and income taxes
Add (Deduct) Non - cash transactions
Depreciation expense
Gain on sale of plant assets
Operating income
Add (Deduct) Changes in working capital
Increase in Accounts Receivable
Increase in Prepaid Rent
Increase in Inventories
Decrease in Accounts Payable
Increase in Notes Payable
Increase in Salaries Payable

750,000.00
(300,000.00)

(600,000.00)
(6,000.00)
(150,000.00)
(285,000.00)
6,000,000.00
120,000.00

Interest Paid
Income Taxes Paid
Cash provided by operating activities

(80,000.00)
(281,800.00)

8,600,000.00
6,000,000.00

(6,377,800.00)
8,222,200.00

(10,800,000.00)

3,800,000.00
1,222,200.00
430,000.00
1,652,200.00

2,068,500.00
886,500.00
100,000.00
3,055,000.00

450,000.00
3,505,000.00

4,717,200.00
8,222,200.00

Problem 5-7
Rupiah Company
Statement of Cash Flows
December 31, 2016
Cash provided by operating activities
Profit for the period
Add: Income tax expense
:Interest expense
Profit before interest and income taxes
Add (Deduct) Non - cash transactions
Depreciation expense
Amortization of Intangibles
Loss on sale of equipment
Imparment loss on equipment
Gain on sale of land
Operating income
Add (Deduct) Changes in working capital
Increase in Accounts Receivable
Decrease in Inventory
Increase in trade payables
Interest Paid
Income Taxes Paid
Cash provided by operating activities

1,000,000.00
500,000.00
300,000.00
300,000.00
(200,000.00)

(2,000,000.00)
2,400,000.00
4,200,000.00
(1,375,000.00)
(485,000.00)

Cash Provided by Investing Activities


Purchase of equipment
Proceeds from sale of equipment
Proceeds from sale of land

(6,000,000.00)
1,000,000.00
1,800,000.00

Cash Provided by Financing Activities


Purchase of treasury shares
Payment of cash dividend
Increase in long - term debt
Proceeds from issuance of shares

(1,000,000.00)
(2,000,000.00)
5,000,000.00
4,500,000.00

Increase in Cash during the period


Cash balance, beginning
Cash balance, end

4,165,000.00
1,785,000.00
875,000.00
6,825,000.00

1,900,000.00
8,725,000.00

2,740,000.00
11,465,000.00

(3,200,000.00)

6,500,000.00
14,765,000.00
2,000,000.00
16,765,000.00