chapter consolidated statement of cash flow

The following are the draft consolidated financial statements of Roadway Bhd. 1. Summarised consolidated statements of financial nncitin- Number or viuriary Additional information: a. The expenses for the year ended 31 May x5 include depreciation charges on property, plant and equipment of RM 190,000 and impairment of goodwill on consolidation. b. Machinery of carrying amount of RM130,000 was sold for RM92,000. c. Roadway had paid dividends during the year. d. Roadway acquired shares in XYZ in which it was able to exert significant influence. The cost of acquisition was RM200,000 which was discharged by a cash payment and issue of 10 percent debentures of RM100,000. e. On 1 December, Roadway Bhd acquired Lanes Bhd. The effects of the acquisition are as follows: Required: Prepare the group statement of cash flows for the year ended 31 May 5, using the: i. The direct method for determining cash flows from operating activities. ii. The indirect method for determining cash flow from operating activities