At the start of a year a company has cash resources totalling $67 000. It has debentures
Question:
At the start of a year a company has cash resources totalling $67 000. It has debentures of $360 000. At the end of the year, cash resources amount to $80000 after repurchasing $50 000 of the debentures.
a. How much has the cash and cash equivalents increased/decreased over the year?
b. Calculate the net debt at the start of the year.
c. Calculate the net debt at the end of the year.
d. Prepare a statement reconciling net cash to the movement in net debt.
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Lets break down each part of the question a To calculate the increase or decrease in cash and cash e...View the full answer
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Related Book For 
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
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