Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The summarized accounts of Makau Ltd for the Year Ended 31st March are as follows |rch 2019 begin{tabular}{|l|r|r|} hline Trade payables & 1,250.00 & 1,090.00
The summarized accounts of Makau Ltd for the Year Ended 31st March are as follows |rch 2019 \begin{tabular}{|l|r|r|} \hline Trade payables & 1,250.00 & 1,090.00 \\ \hline Current tax & 225.00 & 205.00 \\ \hline Lease Liabilities & 500.00 & 450.00 \\ \hline Bank overdraft & 155.00 & 205.00 \\ \hline & 2,130.00 & 1,950.00 \\ \hline & 7,900.00 & 7,100.00 \\ \hline \end{tabular} Statement of Profit or Loss For the year Ended 31st March 2019 Further information: (i) Depreciation charged for the year totaled $970m. There were no disposals of property, plant and equipment in the period. (ii) There was no accrual of interest at the beginning or at the end of the year (iii) Makau Ltd finances a number (but not all) of its property, plant and equipment using leases. In the period, Property, plant and equipment which would have cost $600m to purchase outright was acquired under leases Required: a) Prepare the Statement of Cash flows for Makau Ltd for the year ended 31 1st March 2019 as ner I S 7 using the indirect methed (20 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