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**PLEASE ANSWER IN CLEAR TEXT AND SHOW NECESSARY CALCULATIONS! WILL UP VOTE!** The balance sheet given below together with comparative figures are a for Pobo
**PLEASE ANSWER IN CLEAR TEXT AND SHOW NECESSARY CALCULATIONS! WILL UP VOTE!**
The balance sheet given below together with comparative figures are a for Pobo Ltd, a private company that has been oderatina for the last three vears. Additional information: (i) During the year the company sold a piece of equipment with a net book value of K135,000 at a profit of K75,000. (ii) Depreciation charged for the year ended 30 June 2020 was K220,000. (iii)Interest paid during the year ended 30 June 2020 was K 37,000 . (iv)Income tax paid during the year amounted to K230,000. (v) The company paid no dividend in the year under review. Required: (a) Calculate the operating profit of Pobo Ltd for the year ended 30 June 2020. (b) Prepare a cashflow statement for Pobo Ltd for the year ended 30 June 2020 in accordance with IAS 7Step by Step Solution
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