The following are the financial statement Quick Ltd . for the year ended 3 1 st December
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Question:
The following are the financial statement Quick Ltd for the year ended st December :
Quick Ltd
Income statement
For year ended st December
$
Revenue
Cost of sales
Distribution costs
Administrative expenses
Interest received
Interest paid
Profit before tax
Tax
Profit after tax
Quick Ltd
Statement of financial position as at December
$ $d
ASSETS:
Non current assets:
Property, plant and equipment
Intangible assets
Investments
Current assets:
Inventories
Receivables
Shortterm investment
Cash in hand
Total assets
Equity and liabilities:
Equity:
Share capital
Share premium
Revolution reserve
Retained earnings
Noncurrent liabilities:
Loan
Current liabilities:
Trade payables
Bank overdraft
Tax
Total equity and liabilities
Required:
Determine the Net cash flows from the operating activities of Quick Ltd for the year ended st December Hint use the indirect approach for preparation of the statement of cash flows
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: