Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can you the workings include journal entry and T accounts Notes: 1 2 3 4 5 During the year land was revalued. Also, non-current assets
Can you the workings include journal entry and T accounts
Notes: 1 2 3 4 5 During the year land was revalued. Also, non-current assets which had cost $100,000, and which had a carrying amount at 30 September 20X0 of $20,000, were sold for $25,000 Interest is due half yearly on 31 March and 30 September and was paid on the due dates. $50,000 of the 10% loan was repaid on 30 September 201 The interest in share capital took place on 1 January 201 An interim dividend of 5c per share was paid on 6 May 201 to holders of all the shares in issue at that date Taxation has not been allowed for and is to be ignored in your answer. Required: Prepare a statement of cash flows for the year ended 30 September 20X1 uding the indirect method. Your answer should comply as far as possible with the requirements of IAS7 "Statement of Cash Flows" and should include the reconciliation of operating profit to net cash flow from operating activities. Further notes to the statement of cash flows are NOT requiredStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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