Seddel Ltd's financial statements prepared on 30 June 2014 are shown below. Additional information: The proceeds from
Question:
Seddel Ltd's financial statements prepared on 30 June 2014 are shown below.
Additional information:
The proceeds from the sale of non-current assets in the year ended 30 June 2014 was $88 000.
Required
Prepare a statement of cash flows for the year ended 30 June 2014.
Transcribed Image Text:
SEDDEL Ltd Statement of changes in equity for the year ended 30 June 2014 (extract) retained earnings Income statement for the year ended 30 June 2014 $00 $000 Revenue 17 848 Balance 1 July 2013 494 Cost of sales (11 935) Profit far the year 3411 Gross profit 5913 3 905 Distribution costs (596) Dividends paid (1 830) Administration expenses (723) Balance 30 June 2014 2075 Operating profit 4 594 Finance costs (535) Profit before tax 4059 Tax (648) Profit after tax 3411
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Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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