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I find it difficult to solve the cash flow statement for a year2015 . Please help me A- The following are financial position and income
I find it difficult to solve the cash flow statement for a year2015 . Please help me
A- The following are financial position and income statement for ABC Company. Prepare a cash flow statement using the indirect method Statement of Financial Position as at 31 December 2015 ( (In Jordanian Dinar) Notes 2015 2014 Assets Non current assets Financial assets at fair value through profit or loss 3 1,933 1,933 4 Current assets Amounts due from related party Receivables and other current assets Cash and cash equivalents Total current assets Total Assets 35,867 50,024 44,745 130,636 132,569 66,441 9,271 29,361 105,073 107,006 5 71,348 29,238 25,041 Equity and liabilities Equity Paid-in capital Statutory reserve Retained earnings Total equity Liabilities Payables and other current liabilities Total liabilities Total equity and liabilities 71.348 26,191 3,769 101,308 125,627 Sra 6,942 6,942 132,569 5,698 5,698 107,006 Statement of comprehensive income for the year ended 31 December 2015 (In Jordanian Dinar) Notes 2015 2014 Commissions revenues 47,845 36,328 Interest income 4.570 7 Administrative expenses Income for the year before tax Prior years income tax ( 17.099) (5,368) 30,746 35 530 (6,149) (4,974) 278) (1.440) Income tax expense Total comprehensive Income for the year 24,319 29,116 Due to related parties related to financing activity prepare: Cash flow statementStep by Step Solution
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