The financial statements of Zetar plc are presented in Appendix C The companys complete annual report, including the notes to its financial statements, Instructions Use the companys annual report to answer the following questions (a) In which section (operating, investing, or financing) does Zetar ...

a The company reports interest paid as an operating activity b Zetars b ...

The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including

Question:

The of Zetar plc are presented in Appendix C. The company’s complete annual report, including the notes to its
Instructions
Use the company’s annual report to answer the following questions.
(a) In which section (operating, investing, or financing) does Zetar report interest paid?
(b) Explain why the amount that Zetar reports for cash and cash equivalents in its statement of cash flows is negative.
(c) If Zetar reported under rather than IFRS, how would its treatment of bank overdrafts differ?
(d) Zetar’s statement of cash flows reports negative “net movement in working capital” in 2009 of £2,469 (in thousands). According to the statement of cash flows, what were the components of this “net movement”?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...