Michaels Ltd. had available at the end of 2019 the following information. Instructions Prepare a statement of

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Michaels Ltd. had available at the end of 2019 the following information.

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Instructions

Prepare a statement of cash flows for Michaels Ltd. using the direct method. Assume the short-term investments are non-trading. Bond premium amortized was £5,550?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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