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Theresa sells scarves at a busy street junction. Each scarf costs and is sold for . On Friday she began the day with in cash
Theresa sells scarves at a busy street junction. Each scarf costs and is sold for . On Friday she began the day with in cash and had scarves to sell. During the day she managed to sell scarves and, at the end of the day, she purchased a further . Draw up a statement of cash flows and an income statement for Friday as well as a statement of financial position at the end of Friday, using the pro-forma financial statements below.
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