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  1. business
  2. accounting
  3. section b (3 equal marks) 1. ..........is measure

SECTION B (3 equal marks) 1. ..........is measure of profitability 2. The working capital...

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Accounting

SECTION B (3 equal marks)

1. ..........is measure of profitability

2. The working capital is a measure of...

3. Repayment of debt principal could be classified as........

SECTION C (6 marks) SHOW ALL YOUR WORKINGS

1. TRANSATLANTIC CORPORATION BALANCE SHEET AS AT 2012 DECEMBER 31ST ASSETS 31st Cash Debtor Stock 2012 Jan. 1st 2012 Dec.

assets 1st Jan,2012 31st dec,2012

cash 8,000 7200 debtors 70,000 76,800 stock 50,000 44,000 land 40,000 60,000 building 100,000 110,000 machines 214,000 244,000 depreciation -54,000 -72,000 Total 428,000 470,000

liabilities

current 72,000 82,000 loan from -- 40,000 another company loan from bank 60,000 50,000 capital and reserves 296,000 298,000

Total. 428,000 470,000

In the same year, the Company paid $52000 as dividend

Required:

a. Prepare the cash flow statement for year ended 2012 (3 marks)

2. a. If assets are $209,436 and liabilities are $114, 272, how much is owner's equity (1 mark)

b. If liabilities are $102,500 and equity is $93,000, what is the value of the company's assets (1 mark)

c. If equity is $148,272 and total assets are $479,195, what amount represents total liabilities (1 mark)

please solve all the steps ASAP.

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