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As at 31st December Team Ltd had the following summarised financial statements: Continued on next page... Notes: - There were no disposals of fixed assets
As at 31st December Team Ltd had the following summarised financial statements:
Continued on next page... Notes: - There were no disposals of fixed assets - There were no additions or disposals of Intangible assets. Profits before tax interest and depreciation is after charging amortisation. - A dividend was paid in the year (a) Prepare a statement of cash flows for the year ended 31st December 202 in accordance with IAS7 using the indirect method to calculate the operating cash flows. (42 marks) (b) Explain why the cash flow statement is important to an investor (8 marks) Continued on next page... Notes: - There were no disposals of fixed assets - There were no additions or disposals of Intangible assets. Profits before tax interest and depreciation is after charging amortisation. - A dividend was paid in the year (a) Prepare a statement of cash flows for the year ended 31st December 202 in accordance with IAS7 using the indirect method to calculate the operating cash flows. (42 marks) (b) Explain why the cash flow statement is important to an investor (8 marks)Step by Step Solution
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