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In addition, you have the following information: 1. The depreciation charge for the year was 256,578. 2. Equipment with a carrying value of 75,000 was
In addition, you have the following information:
1. The depreciation charge for the year was 256,578.
2. Equipment with a carrying value of 75,000 was disposed of for 90,000.
3. The dividend paid in the year was 280,950.
4. The tax charge for the year was 47,650
5. Interest paid in the year was 5,850.
Required
a) Prepare the statement of cash flows for Spark Ltd in accordance with IAS 7 Statement of Cash Flows using the indirect method for the year ended 31 March 2020.
b) Comment on the statement of cash flows for Spark Ltd for the year ended 31 March 2020.
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