AKUNTANSI KEUANGAN 1

TUGAS E5.11, E5.12, E5.15 DAN E5.16

KELAS A

DOSEN PENGAMPU :
Dr. Dini Rosdini, S.E., Ak., M.Ak.

DISUSUN OLEH :
DEPINKAN ZALFAA FALIHA
120110200001

PROGRAM STUDI AKUNTANSI

FAKULTAS EKONOMI DAN BISNIS
UNIVERSITAS PADJADJARAN
2021
E5.11 (LO1, 2) (Statement of Financial Position Preparation) Presented below is the adjusted
trial balance of Abbey Corporation at December 31, 2019.

Additional information:
1. Net loss for the year was £2,500.
2. No dividends were declared during 2019.
Instructions
Prepare a classified statement of financial position as of December 31, 2019.
ANSWER:
 ABBEY CORPORATION
Statement of Financial Position
December 31, 2019
Assets
Property, plant, and equipment
Equipment $48.000
Less: Accumulated depreciation 9.000
Total property, plant, and equipment $39.000

Intangible assets
Trademark 950

Current assets
Office supplies 1.200
Prepaid insurance 1.000
Cash 6.850
Total current assets 9.050
Total assets $49.000
Equity and Liabilities
Equity
Share capital-ordinary $10.000
Retained earnings ($20.000-$2.500) 17.500
Total shareholders' equity $27.500

Non-current liabilities
Bonds payable $9.000

Current liabilities
Account payable $10.000
Wages payable 500
Unearned service revenue 2.000
Total current liabilities 12.500
Total liabilities 21.500
Total equity and liabilities $49.000

*{$49.000 - $39.000 - $950 - $1.200 - $1.000}

**{$10.000 - $9.000 + $1.400 + $1.200 +$900)}
E5.12 (LO1, 2) (Preparation of a Statement of Financial Position) Presented below is the trial
balance of Vivaldi SpA at December 31, 2019.

Instructions
Prepare a statement of financial position at December 31, 2019, for Vivaldi SpA. (Ignore income
taxes.)
ANSWER:
 VIVALDI SpA
Statement of Financial Position
December 31, 2019
Assets
Non-current assets
Long-term investments
Investments in bonds $299.000
Investments in capital shares 277.000
Total long-term investments $576.000

Property, plany, and equipment

Land 260.000
Buildings $1.040.000
Less: Accum, depreciation 352.000 688.000
Equipment 600.000
Less: Accum, depreciation 60.000 540.000
Total property, plamt and equipment 1.488.000

Intangible assets
Franchise 160.000
Patent 195.000
Total intangible assets 355.000
Total non-current assets 2.419.000

Current assets
Inventories 597.000
Accounts receivable 435.000
Less: Allowance for doubtful accounts 25.000 410.000
Tranding securities 153.000
Cash 197.000
Total current assets 1.357.000
Total assets $3.776.000

Equity and Liabilities

Equity
Share capital-ordinary ($5 par) $1.000.000
Retained earnings 130.000
Accumulated other comprehensive income 80.000
Less: Treasury shares 191.000
Total equity $1.019.000

Non-current liabilities
Bonds payable $1.000.000
Long-terms notes payable 900.000
Provision for pensions 80.000
Total non-current liabilities 1.980.000

Current liabilities
Short-term notes payable $90.000
Account payable 455.000
Dividends payable 136.000
Accrued liabilities 96.000
Total current liabilities 777.000
Total liabilities 2.757.000
Total equity and liabilities $3.776.000
 E5.15 (LO3) (Preparation of a Statement of Cash Flows) Presented below is a condensed
version of the comparative statements of financial position for Yoon Ltd. for the last 2 years at
December 31 (amounts in millions).

Additional information:
Investments were sold at a loss of 7,000; no equipment was sold; cash dividends paid were
50,000; and net income was 160,000.
Instructions
a. Prepare a statement of cash flows for 2019 for Yoon Corporation.
b. Determine Yoon Corporation's free cash flow.
ANSWER:
YOON CORPORATION
a.
Statement of Cash Flows
For the Year Ended December 31, 2019
Cash flows from operating activities
Net income $160.000
Adjusting to reconcile net income to net cash provided by operating activities:
Depreciation expense $17.000
Loss on sale of investments 7.000
Decrease in accounts receivable 5.000
Decrease in current liabilities -17.000 12.000
Net cash provided by operating activities 172.000
Cash flows from investing activities
Sale of investments($74.000-$52.000-$7000) 15.000
Purchases of equipment -58.000
Net cash provided by investing activities -43.000
Cash flows from financing activities
Payment of cash dividends -50.000
Net increase in cash 79.000
Cash at beginning of year 78.000
Cash at end of year $157.000

b. Free Cash Flow Analysis

Net cash provided by operating activities $172.000
Less: Purchases of equipment -58.000
Dividends -50.000
Free cash flow $64.000
E5.16 (LO3) (Preparation of a Statement of Cash Flows) A comparative statement of
financial position for for Orozco AG is presented below.

Additional information:
1. Net income for 2019 was €105,000.
2. Cash dividends of €40,000 were declared and paid.
3. Bonds payable amounting to €50,000 were retired through issuance of ordinary shares.
Instructions
a. Prepare a statement of cash flows for 2019 for Orozco AG.
b. Determine Orozco's current cash debt coverage, cash debt coverage, and
free cash flow. Comment on its liquidity and financial flexibility.
ANSWER:
a. OROZGO AG
Statement of Cash Flows
For the Yeat Ended December 31, 2019
Cash flow from operating activities
Net income $105.000
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation expense $27.000
Decrease in inventory 9.000
Increase in accounts receivable -16.000
Decrease in accounts payable -13.000 7000
Net cash provided by operating activities $112.000
Cash flows from investing activities
Sale of land 39.000
Purchase of equipment -70.000
Net cash used by investing activities -31.000
Cash flows from financing activities
Payment of cash dividends -40.000
Net increase in cash 41.000
Cash at beginning of year 22.000
Cash at end of year $63.000
b.
 Current cash debt coverage ratio =

= 2.77 to 1

 Cash debt coverage ratio

= 0.52 to 1

Free Cash Flow Analysis

Net cash provided by operating activities $112.000
Less: Purchases of equipment -70.000
Dividends -40.000
Free Cash Flow $2.000