Condensed financial data of Jhutti Company Ltd. appear below. Additional information: 1. Equipment costing ¬92,000 was purchased

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Condensed financial data of Jhutti Company Ltd. appear below.
Condensed financial data of Jhutti Company Ltd. appear below.
Additional information:
1.
Condensed financial data of Jhutti Company Ltd. appear below.
Additional information:
1.

Additional information:
1. Equipment costing ‚¬92,000 was purchased for cash during the year.
2. Investments were sold at cost.
3. Equipment costing ‚¬47,000 was sold for ‚¬14,250, resulting in gain of ‚¬8,550.
4. A cash dividend of ‚¬80,600 was declared and paid during the year.
Instructions
Prepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns, using letters to cross-reference each entry.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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