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Can I please have an answer to Question 2 USING INDIRECT METHOD PLEASE The following information relates to ABC Pty Ltd, a business that manufactures
Can I please have an answer to Question 2 USING INDIRECT METHOD PLEASE
The following information relates to ABC Pty Ltd, a business that manufactures electric products operating in Pretoria. Statement of Financial Position Information as at 31 December 2015 and 2016 Extract of items disclosed in the Statement of Comprehensive Income for the year ended 31 naramhar on1c. Additional Information: 1) No machinery and equipment were purchasing during the financial year. Machinery and equipment were sold for R85 500 of which R45 500 was on still outstanding. 2) The new property which was acquired is situated at Site 100 Thabo Sehume, Pretoria. The company plans to use it as its warehousing sites. 3) Inventory is recorded at cost. 4) The shares issued in March 2016. Required: Prepare the Statement of Cash Flows for ABC Pty Ltd for the year ended 31 December 2016 in compliance with the requirements of GAAP as stipulated in IAS 7. NB: Use the Indirect method. Comparative figures and notes are not requiredStep by Step Solution
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