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please answer clearly with good working i will leave a thumbs up :) PART A The comparative balance sheets and income statement of Etana Ltd.
please answer clearly with good working
PART A The comparative balance sheets and income statement of Etana Ltd. are shown below. 1. On January 10, 2011, Etana issued 10.000 oommon shares for capital assets. The common shares had a current market value of approximately 575,000 . 2. On March 16, 2011, Etana sold a capital asset that cost \$112.000 and had accumulated depreciation of $68,000 3. On September 1, 2011. Etana isbued a 1055 stock dividend to shareholders of record on August 15, 2011. This increased common shares and decreased retained earnings by 540,000 . 4. Dividends paid in 2011 total 530,000. Required: a. Prepare a cash fow statement for the year ending December 31, 2011 using the indirect appraach to report the operating activities. (12 marks) b. Prepare the cash fiow from operations section (only) using the drect approach, (6 marks) c. In acoordance with 1AS7, identify two (2) required dieclosures related to significant noncash transactions. (4 marks) PART B Page 3 Presented below is information reiated to Kiwi Company in is first jear of cperation. The following information is provided at December 31. 2011, the end of its first year. Required a. Prepare an income statement in accordance with LAS 1ffor the year ending December 31, 2011. (8 marks) i will leave a thumbs up :)
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