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The following comparative statements of financial position and statement of financial performance are for the business of EFG Pty Ltd . EFG PTY LTD Statement
The following comparative statements of financial position and statement of financial performance are
for the business of EFG Pty Ltd
EFG PTY LTD
Statement of financial performance
for year ended June
Additional information
All sales and purchases of inventory are on credit.
Income tax is paid in one instalment during the year.
A dividend had been paid to shareholders.
Additional plant had been acquired for a cash outlay.
Required
Prepare a statement of cash flows from operating activities only for EFG Pty Ltd for the year
ending June using the direct method. Statement of Cash Flows
for the year ended June
Cash flows from operating activities:
Cash receipts from customers
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$
Cash paid to suppliers
$
Cash paid for insurance
$
Cash paid for other expenses
$
Income taxes paid
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