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Can you provide the solution? pleasse Question 3 Part 1: Star plc's financial statements for the year ending 31 Dec 2018 are as follows: Statement

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pleasse

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Question 3 Part 1: Star plc's financial statements for the year ending 31 Dec 2018 are as follows: Statement of Financial Position as at 31 December 2017 2018 to00 EOOO Non-current assets EOOO Land at valuation 625 Equipment at cost 750 Less: depreciation 3,750 5,000 (1,875) 1,875 (2,500) 2,500 Current Assets Inventory 1,500 Trade and other receivables 1,250 1,650 Cash 2, 125 150 420 3,300 Current liabilities 3,795 Trade payables 1,750 Taxation 1,670 1,300 8% debenture loan 2018 1,625 375 3,425 Net current assets 3,295 Net assets (125) 500 2,375 3, 750 Non-current liabilities 61/2% debenture loan 2021 250 Equity 2,375 3,500 Ordinary shares of El 275 Share premium account 425 Revaluation reserve 75 240 188 Retained earnings 313 1,837 2,375 2,522 3,500W m Revenue 19,250 Cost of sales (11,500) Gross prot 5,750 Prot on disposal of equipment 5,850 Administrative expenses (2,975) Operating prot 2,815 Interest expense m Prot before taxation 2,838 Taxation (L625) Prot for the nancial year LE She also tells you that: l. The company sold some equipment for cash, which had been depreciated to a net book value of 3?5,000. 2. The land was revalued as at 31 December 2018. 3 Included in administrative expenses is the depreciation charge for the year on equipment, 8?5,000. The land is not depreciated. 4. Dividends of 528,000 were paid during the year. W: Prepare a cash ow statement for Star plc for the year to 31 December 2018

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