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Question 9 Cash Flow Statements Condensed financial data of ESTRADA LTD appear below: Required: Prepare a statement of cash flows for the year using the
Question Cash Flow Statements
Condensed financial data of ESTRADA LTD appear below:
Required:
Prepare a statement of cash flows for the year using the DIRECT method.Question Cash Flow Statements
Condensed financial data of ESTRADA LTD appear below:
ESTRADALTD
Statement of Financial Performance
for the year ended June
Sales
$
Less:
Additional information:
New plant assets costing $ were purchased for cash in
Old plant assets costing $ were sold for $ cash when their carrying amount was
$
Notes with a face value of $ were converted into $ of ordinary shares.
A cash dividend of $ was declared and paid during the year.
Accounts payable pertain to merchandise purchases.
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