Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLZ PLZ HELP ASAP Extracts of the allounts of Exeter UTD as 31March207 are as Jollows Statements of Financial position as at 31 st M
PLZ PLZ HELP ASAP
Extracts of the allounts of Exeter UTD as 31March207 are as Jollows Statements of Financial position as at 31 st M arch. Statement of profit or Loss for the Year ended 31 march sen000 In Brackets values are in (-) sublas valestion so vo aus. Notes:- During the year, depreciation of 2A50,000 and amortisation of f40,000 was charged to Drofit. - Receipts from customers, combined with cash sales. were \& 800,000 - payments to suppliers of raw materials were {400,000 - other cash payments were {100,000 - cash paid to employees was f126,000 - Interest paid is 12,000 - Taxation paid is \& 13,000 (a) Prepare the operating activities section of the statement of cash jlow's for Exeter liD accordanle with IAST statement of lash flows, wing the indirect method. ( 11 marks) (B) Describe the information that is provided in a statement of cash flows in addition to the operating activities section ( (D)arks) C) what additional information does the statement of cash flows provide in addition to the income statement (statement of financial performanc) and balance sheet (statement of tinancial position)? (\$marks)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started