Answered step by step
Verified Expert Solution
Question
1 Approved Answer
b. Prepare the statement of financial QUESTION TWO ended 31 December, 2020 Statement of Profit or Loss and Other Comprehensive Income for year ended GHC'000
b. Prepare the statement of financial QUESTION TWO ended 31 December, 2020 Statement of Profit or Loss and Other Comprehensive Income for year ended GHC'000 Additional Information: i. Intangible non-current assets represent deferred development expenditure. Ambrtotioh-1n 2020 amounted to GHe 172,000 ii. Tangible non-eurrent asset additions totaling GHC 800,000 were mof Prowods com the sale of tangible non-current assets were GHC 412,000 , on which King thionild hhgered a lons iii. Investments include treasury bills of GHC 128,000 acquired Wring 2020 ying dom LAd sees of GHC 24.000 . iv. During the year Kingdom Ltd had a 1 for 4 bonus issue of lhares. fthnged by capitalising part these as cash equivalents. of the retained earnings account. In December 2020 (hetowhs a fyrther issue at full market Prepare a statement of Cash Flows for Kingdomy hsd for the yeir thded 31 December, 2020 in price. Requirod: accordance with IAS 7
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started