The following information has been extracted from the draft financial information of V Ltd: Dividend paid =
Question:
The following information has been extracted from the draft financial information of V Ltd:
Dividend paid = £52,000
(a) You are required to prepare a statement of cash flows for V Ltd for the year ended 31 December 2016 in accordance with the requirements of IAS 7.
(b) It has been suggested that the management of long-term profitability is more important than short-term cash flow. Explain why this might be so.
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Statement of Cash Flows for V Ltd For the Year Ended 31 December 2016 A Cash Flows from Operating Activities Profit before tax 23 Adjustments for Depreciation 74 Loss on disposal 4 Changes in working ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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