Yellow Ltd requires you to determine, for each of the three scenarios below, the cash...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Yellow Ltd requires you to determine, for each of the three scenarios below, the cash and cash equivalents amount to include in its Statement of Cash Flows.
Items from the Statement of Financial Position:
Scenario 1
Scenario 2
Scenario 3
Current asset
Short term investment (120 day)
-
$70 000
$5 000
Current asset
Foreign bank account
(There is a significant risk of change in value)
-
5 000
-
Current asset
Short term investment (70 day)
$10 000
-
$7 000
Current asset
Cash at bank
3 000
23 000
3 400
Current asset
Redeemable preference shares
(redeemable in two months)
6 000
-
-
Current liability
Bank overdraft
22 689
-
1 230
Cash and cash equivalents =
?
?
?
Yellow Ltd requires you to determine, for each of the three scenarios below, the 'cash and cash equivalents' amount to include in its Statement of Cash Flows
Yellow Ltd requires you to determine, for each of the three scenarios below, the cash and cash equivalents amount to include in its Statement of Cash Flows.
Items from the Statement of Financial Position: | Scenario 1 | Scenario 2 | Scenario 3 | |
Current asset | Short term investment (120 day)
| - | $70 000 | $5 000 |
Current asset | Foreign bank account (There is a significant risk of change in value) | - | 5 000 | - |
Current asset | Short term investment (70 day) | $10 000 | - | $7 000 |
Current asset | Cash at bank | 3 000 | 23 000 | 3 400 |
Current asset | Redeemable preference shares (redeemable in two months) | 6 000 | - | - |
Current liability | Bank overdraft | 22 689 | - | 1 230 |
| Cash and cash equivalents = | ? | ? | ?
|
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.