Debs Co balance sheet extract for the year ended 31.12.20X3 20X2 20X3 Current liabilities S'000 S'000 Accrued
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Question:
Debs Co balance sheet extract for the year ended 31.12.20X3 20X2 20X3 Current liabilities S'000 S'000 Accrued debenture interest - 15 Interest payable is shown in the income statement of 20X3 as being $30,000. There are no bank loans or overdrafts. Additionally, you are told that a new finance lease agreement was taken out in the year. Total repayments are $5,000, of which $1,500 is interesting only. At present all $5,000 has been debited to the finance lease liability account.
Required
Prepare relevant extracts from Debs Co.'s cash flow statement
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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