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QUESTION 2 The following information is available for CANDY GH, a limited liability company: Statement of Profit or Loss and Other Comprehensive Income for the

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QUESTION 2 The following information is available for CANDY GH, a limited liability company: Statement of Profit or Loss and Other Comprehensive Income for the year ended 31st December, 2018 GIRE 5,412 2217 Reven Cost of sales Kross profit Operating experts perating er expenses Keratin before Tas expose Post after 1.030 TES) 1430) AND Statement of Financial Position as at 31 December: 2018 2017 ASSETS Noncurrent assets operty Plantele Case Accumulated decision Kany value tangibles lovestment operties 2.16CLAS 1.00 7901 NIS Corrent assets eventy Receives Kash Total acts 450 306 1.1945 IS EQUITY AND LIABILITIES Equity Scated capital Remedies JILI 701 San Noncurrent liabilities 123 SIC Current abilities Tadele Rent during Tax Equity and liabilities 380 357 2551 294 Additional information: 1. Equipment which had cost GH255,000 and with a net book value of GH 135,000 and was sold for GH96, 000 during the year. 2. The cash proceeds of the sale of asset investments properties amounted to GH75,000. Dividends paid during the year amounted to GHC240,000. Required: Prepare the company's statement of cash flows for the year ended 31" December 2018, using the indirect method, adopting the format in IAS 7 Statement of cash flows

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