Prepare a statement of cash flows for Lee Ltd for the year ended 31 December 2004 as

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Prepare a statement of cash flows for Lee Ltd for the year ended 31 December 2004 as required under IAS 7 using the direct method. The income statement, balance sheet and cash account for Lee Ltd for the year 2004 are given below:

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Frank Woods Business Accounting Volume 2

ISBN: 9780273712138

11th Edition

Authors: Frank Wood, Alan Sangster

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Prepare a statement of cash flows for Lee Ltd for the year ended 31 December 2004 as

Question:

Sales Less Cost of goods sold Less Expenses Wages Other costs Depreciation Interest Profit for the year Income Statement for the year ending 31 December 2004 6,500 (3,000) 3,500 2,000 600 500 100 (3,200) 300

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Frank Woods Business Accounting Volume 2

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