The following is the share information of Jepron Berhad as at 31st March 2017. The

company has been established since 1sl April 2015.

The followings are the comparative balances of accounts taken from the Statement Financial Position of Youpiem Corporation: P1The following transactions occurred during the financial year ended 31 December 2017: 1.Net loss for 2017 is RM20,000. 2.Cash dividends of RM14,000 were declared and paid in 2017. 3.Land was sold for cash at a loss of RM4,000.This was the only land transaction during the year. 4.Equipment with a cost of RM15,000 and accmulated depreciation of RM10,000 was sold for RM5,000 cash. 5.RM22,000 of bonds were retired during the year at carrying value. 6.Equipment was acquired common stock. The fair value of the stock at the time of the exchange was RM25,000.........................Required: A.Contrast the advantages and disadvantages of the direct and indirect methods of preparing the sataement of cash flows. State the method that is encouraged by the MFRSs and the method that is more popular. B.Prepare the Statement of Cash Flow for Youpiem Corporation for the year ended 31December 2017 using "indirect method". (Show amounts that decrease cash flow with either a - sing e.g.-15,000 or in parenthesis e.g.(15,000).) C.Explain two usefulness of the statement of cash flows to the financial statement users. D.Comment on the overall cash flow position of Youpien Corporation.

YOUPIEM CORPORATION Perbandingan Penyata Kedudukan Kewanganl Comparative Statement of Financial Position Asset Assets RM36,000 RIM31,000 Tunai/ Cash Akaun belum terima (net)/ 17,000 Accounts receivable (net) Insuran terdahulu/ Prepaid insurance 18.000 Tanah Land 70,000 Peralatan/ Equipment 20.000) T3.000 Susutnilai terkumpul/ RM199,000 RM195,000 Accumulated depreciation Jumlah asset/ Total assets Liabiliti dan Ekuiti Pemegang Saham/ Liabilities and Stockholder's Equity RM6,000 RM11,000 Akaun belum bayar Accounts payable 19,000 27,000 Bon belum bayan/ Bonds payable 115,000 140,000 Saham biasa/ Common stock 55,000 21,000 Perolehan tertahan Retained earnings Jumlah liability dan ekuiti pemegang saham/ RM199,000 RM195,000 Total liabilities and stockholders' equity "Stitch It