The following information has been extracted from the financial statements of Casings Ltd. Additional information During the

Question:

The following information has been extracted from the financial statements of Casings Ltd.

image text in transcribed

image text in transcribed

image text in transcribed

Additional information

During the year to 31 December Year 2, Casings Ltd sold some non-current (fixed) assets for £22,000 in cash. The net book value of these assets at 1 January Year 2 was £27,000.

Purchases of non-current (fixed) assets during the year to 31 December Year 2 amounted to £155,000.

On 1 January Year 2, the company issued for cash some 5% debenture stock, repayable in Year 20. The interest was paid in full on 31 December Year 2.

Required:

Prepare a statement of cash flows for Casings Ltd for the year ended 31 December. Show all workings.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

Question Posted: