Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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 required

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Accounting questions