Wilton Felder Ltd is finalising its financial statements for the year ended 31 October 2024. You are
Question:
Wilton Felder Ltd is finalising its financial statements for the year ended 31 October 2024.
You are presented with the following information:
Additional information:
(i) There were no amounts outstanding in relation to interest payable or receivable as at either year end date.
(ii) The operating profit figure above is stated after charging depreciation of £10,320.
(iii) In June 2024, the company sold a piece of machinery for £10,000, realising a profit on disposal of £5,160.
(iv) The share capital of the company comprises ordinary shares only. In August 2024, the company made a successful rights issue of shares at a price greater than par value.
(v) The company paid ordinary dividends amounting to £8,200 during the year ended 31 October 2024.
Required:
Using the indirect method, prepare the statement of cash flows for Wilton Felder Ltd for the year ended 31 October 2024 in accordance with IAS 7 Statement of Cash Flows.
Step by Step Answer:
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood