From the following Balance Sheets of Platinum Ltd., you are required to prepare a Cash Flow Statement (as per AS 3) for the year 2022-23.
Notes to Accounts:
Additional information: During the year 2022-23, the company:
(a) Paid share issue expenses of ₹ 25,000. (b) Sold a machine for ₹ 90,000 at a profit of ₹ 10,000
OR
Read the following information of Hydrogen Ltd., and answer the questions that follow:
Additional information: During the year 2022-23, the company:
(a) Issued bonus shares to the shareholders at the beginning of the year in the ratio of 1:4 (that is 1 bonus share for every 4 shares held) by capitalising the Securities Premium. (b) Purchased office equipment for ₹ 2,40,000, payment made by issuing 20,000 Equity shares of ₹ 10 each to the vendor and the balance in cash. (c) Paid ₹ 4,000 for interim dividend. (d) The interest on all borrowings was ₹ 16,000 out of which the amount paid till the end of the year, was ₹ 12,500. (e) Dividend of ₹ 15,000 proposed in the year 2021-22 was declared and paid. (f) Paid underwriting commission of ₹ 10,000.
(i) How many bonus shares have been issued by the company to the shareholders? (ii) What is the company’s Net Profit before Tax? (iii) What is the Cash from Operating Activities of the company before tax paid? (iv) What is Hydrogen Ltd.’s inflow /outflow of cash from Financing Activities? (v) Give the inflow /outflow of cash from Investing Activities, if any. (vi) The Board of Directors of Hydrogen Ltd. proposed a dividend of ₹ 30,000 at the end of the year 2022-23.
State with reason, the disclosure / non-disclosure of this dividend proposed in the Cash Flow Statement of the company for the year 2022-23.
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