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From the following information, prepare a consolidated cash flow statement for the year ended 31 December 2023. Apex Ltd Cash Flow Statement for the year
From the following information, prepare a consolidated cash flow statement for the year ended 31 December 2023.
Apex Ltd Cash Flow Statement for the year ended 31 December 2023:
- Net Cash from Operating Activities: £250,000
- Net Cash from Investing Activities: (£120,000)
- Net Cash from Financing Activities: £60,000
Zenith Ltd Cash Flow Statement for the year ended 31 December 2023:
- Net Cash from Operating Activities: £180,000
- Net Cash from Investing Activities: (£70,000)
- Net Cash from Financing Activities: £40,000
Additional Information: Apex Ltd acquired 75% of Zenith Ltd on 1 January 2023. During the year, Apex Ltd provided an intercompany loan of £50,000 to Zenith Ltd.
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