Chen plcs income statements for the years ended 31 December 2009 and 2010 and the statements of
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Chen plc’s income statements for the years ended 31 December 2009 and 2010 and the statements of financial position as at 31 December 2009 and 2010 are as follows:
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Income statements for the years ending 31 December 2009 and 2010 2009 m 207 Revenue Cost of sales Gross profit Distribution expenses Administrative expenses Operating profit Interest payable Profit before taxation Taxation Profit for the year (101) 106 (22) (20) 64 (4) 60 (16) 44 2010 m 153 (76) 77 (20) (28) 29 (4) 25 (6) 19
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To prepare a statement of cash flows for Chen plc for the year 2010 well follow the typical format of the cash flow statement which consists of three sections 1 Cash flows from operating activities 2 ...View the full answer
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Related Book For
Accounting And Finance For Non Specialists
ISBN: 9780273745884
7th Edition
Authors: Peter Atrill, Eddie Mclaney
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