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What are the three types of cash flows presented on the statement of cash flows? (5 marks) Explain any differences between partnership and sole proprietorship

  1. What are the three types of cash flows presented on the statement of cash flows?(5 marks)
  2. Explain any differences between partnership and sole proprietorship(10marks)
  3. Identify whether each of the following items would appear in the operating, investing, or financing activities section of the statement of cash flows. (5 marks)
  1. Cash payments for equipment
  2. Cash receipts from sales of goods
  3. Cash dividends paid to shareholders
  4. Cash payments to employees
  5. Cash payments to lenders for interest on loans

  1. Prepare Indirect Method of cash flow statement( 10 Marks)

Liability

2017

2018

Asset

2017

2018

Share capital

Creditors(CL)

Profit and loss a/c

200000

70000

12000

250000

40000

23000

Cash/Bank (CA)

Debtors(CA)

Stock(CA)

land

30000

120000

80000

52000

42000

115000

90000

66000

282000

313000

282000

313000

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