The following are the financial statements for S. Low for the years ended 30 April 20X0 and
Question:
The following are the financial statements for S. Low for the years ended 30 April 20X0 and 30 April 20X1:
Required
Prepare a statement of cash flows in accordance with IAS 7 for S. Low for the year ended 30 April 20X1.
Transcribed Image Text:
S. Low: Statements of profit or loss for year ended 30 April 20X1 20X0 £'000 Sales revenue Less: cost of sales Gross profit Less: expenses Depreciation Interest payable Wages Electricity Rent Profit for the period 162 22 750 520 286 £'000 4,850 2,400 2,450 1,740 710 £'000 142 18 670 450 286 £'000 4,400 2,310 2,090 1,566 524
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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